Stock Technical indicators to notice in PARROT (P2W.BE)
1- Last bullish trend was from 22.48 $ (3/15/2011) to 25.39 $ (3/29/2011) a 2.91 $ move 2- The current bearish trend started from 25.39 $ at 3/29/2011 and is currently trading at 24.22 $.
4- P2W.BE current resistance level is at 24.28 which is the 38.20 % fibonacci retracement of the last 2.91 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PARROT (P2W.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 25.390 and 25.820, and is currently resisting at 25.196.
PARROT (P2W.BE) Mid term stock chart patterns for internet stock trading :
PARROT (P2W.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 22.480 and 13.720, and is currently supporting at 23.867.
Stock Trading Conclusion:
PARROT (P2W.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 24.28, 24.50, 24.67, 24.70, 24.81, 24.94, 25.20, 25.39,.
Stock Support levels : 23.93, 23.87, 23.59, 22.48, 21.69,.