Today we will analyze the stock PETROFAC (P2F.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROFAC (P2F.BE)
1- Last bearish trend was from 17.06 $ (3/8/2011) to 15.50 $ (3/17/2011) a 1.56 $ move 2- The current bullish trend started from 15.50 $ at 3/17/2011 and is currently trading at 17.41 $.
3- P2F.BE current support level is at 17.06 which is the 100.00 % fibonacci retracement of the last 1.56 $ move.
4- P2F.BE current resistance level is at 17.48 which is the 127.20 % fibonacci retracement of the last 1.56 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PETROFAC (P2F.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 17.060 and 18.660 that was broken up at 16.280 transforming into a supporting line.
PETROFAC (P2F.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 17.060 and 20.190 that was broken up at 16.120 transforming into a supporting line.
PETROFAC (P2F.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 15.500 and 13.690, and is currently supporting at 15.669.

Stock Trading Conclusion:
PETROFAC (P2F.BE) was trading in a bullish wave, which is becoming stronger .
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 : 17.48, 18.02.
Stock Support levels : 17.06, 16.96, 16.68, 16.46, 16.45, 16.28, 16.23, 16.10, 15.87, 15.67, 15.50, 15.13,.