Today we will analyze the stock PENRICE SODA HLDGS (P1S.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PENRICE SODA HLDGS (P1S.BE)
1- Last bearish trend was from 0.19 $ (2/22/2011) to 0.15 $ (3/17/2011) a 0.04 $ move 2- The current bullish trend started from 0.15 $ at 3/17/2011 and is currently trading at 0.18 $.
3- P1S.BE current support level is at 0.17 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
4- P1S.BE current resistance level is at 0.19 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PENRICE SODA HLDGS (P1S.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.150 .
7- The Stock formed a 0.100 $ height triangle which was broken up at 0.160, target of the pattern is 0.260.
PENRICE SODA HLDGS (P1S.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.150 .
9- The Stock formed a 0.130 $ height triangle which was broken up at 0.160, target of the pattern is 0.290.
PENRICE SODA HLDGS (P1S.BE) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Bottom Pattern at 0.150 .
11- The Stock formed a 0.130 $ height triangle which was broken up at 0.160, target of the pattern is 0.290.

Stock Trading Conclusion:
PENRICE SODA HLDGS (P1S.BE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.190, 0.201, 0.215, 0.260, 0.290,.
Stock Support levels : 0.175, 0.173, 0.170, 0.169, 0.165, 0.165, 0.161, 0.159, 0.150, 0.088,.