Today we will analyze the stock PHOENIX COAL (P22.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PHOENIX COAL (P22.BE)
1- Last bullish trend was from 0.32 $ (4/30/2010) to 0.34 $ (5/6/2010) a 0.02 $ move 2- The current bearish trend started from 0.34 $ at 5/6/2010 and is currently trading at 0.32 $.
3- P22.BE current support level is at 0.31 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- P22.BE current resistance level is at 0.32 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PHOENIX COAL (P22.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.320 .
7- The Stock formed a 0.040 $ height triangle.
PHOENIX COAL (P22.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.320 .
9- The Stock formed a 0.070 $ height triangle.
PHOENIX COAL (P22.BE) Long term stock chart patterns for internet stock trading :

10- The Stock formed a 0.160 $ height triangle which was broken down at 0.340, target of the pattern is 0.180.

Stock Trading Conclusion:
PHOENIX COAL (P22.BE) was trading in a bearish 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 : 0.325, 0.328, 0.330, 0.332, 0.335, 0.340, 0.380.
Stock Support levels : 0.315, 0.308,.