Today we will analyze the stock PELICAN RESOURCES (P1R.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PELICAN RESOURCES (P1R.BE)
1- Last bearish trend was from 0.06 $ (3/29/2011) to 0.05 $ (4/6/2011) a 0.01 $ move 2- The current bullish trend started from 0.05 $ at 4/6/2011 and is currently trading at 0.06 $.
3- P1R.BE current support level is at 0.06 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- P1R.BE current resistance level is at 0.06 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PELICAN RESOURCES (P1R.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.050 $ height triangle which was broken up at 0.060, target of the pattern is 0.110.
PELICAN RESOURCES (P1R.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.050 $ height triangle which was broken up at 0.060, target of the pattern is 0.110.
PELICAN RESOURCES (P1R.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.050 $ height triangle which was broken up at 0.060, target of the pattern is 0.110.

Stock Trading Conclusion:
PELICAN RESOURCES (P1R.BE) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.063, 0.066, 0.110,.
Stock Support levels : 0.058, 0.056, 0.055, 0.054, 0.052, 0.051, 0.050,.