Stock Technical indicators to notice in PREMIER GOLD MINES (P2O.BE)
1- Last bearish trend was from 5.74 $ (4/6/2011) to 5.50 $ (4/7/2011) a 0.24 $ move 2- The current bullish trend started from 5.50 $ at 4/7/2011 and is currently trading at 5.65 $.
4- P2O.BE current resistance level is at 5.74 which is the 100.00 % fibonacci retracement of the last 0.24 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PREMIER GOLD MINES (P2O.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.500 and 4.870 that was broken down at 5.650 transforming into a resistance line.
PREMIER GOLD MINES (P2O.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.850 $ height triangle which was broken up at 5.240, target of the pattern is 6.090.
PREMIER GOLD MINES (P2O.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 1.230 $ height triangle which was broken up at 5.200, target of the pattern is 6.430.
Stock Trading Conclusion:
PREMIER GOLD MINES (P2O.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 : 5.71, 5.74, 5.81, 5.89, 6.09, 6.43.
Stock Support levels : 5.65, 5.62, 5.61, 5.59, 5.59, 5.57, 5.56, 5.56, 5.50, 5.18,.