Today we will analyze the stock PENGROWTH ENERGY TU (P3EA.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PENGROWTH ENERGY TU (P3EA.BE)
1- Last bullish trend was from 8.70 $ (11/11/2010) to 9.82 $ (12/3/2010) a 1.12 $ move 2- The current bearish trend started from 9.82 $ at 12/3/2010 and is currently trading at 9.59 $.
3- P3EA.BE current support level is at 9.56 which is the 23.60 % fibonacci retracement of the last 1.12 $ move.
4- P3EA.BE current resistance level is at 9.82 which is the 0.00 % fibonacci retracement of the last 1.12 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PENGROWTH ENERGY TU (P3EA.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.700 and 7.720 that was broken down at 9.550 transforming into a resistance line.
PENGROWTH ENERGY TU (P3EA.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.740 $ height triangle which was broken up at 7.580, target of the pattern is 8.320.
PENGROWTH ENERGY TU (P3EA.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 7.020 .
9- The Stock formed a 1.030 $ height triangle which was broken up at 7.390, target of the pattern is 8.420.

Stock Trading Conclusion:
PENGROWTH ENERGY TU (P3EA.BE) was trading in a bullish 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 : 9.63, 9.64, 9.68, 9.70, 9.73, 9.82,.
Stock Support levels : 9.56, 9.39, 9.26, 9.13, 8.70, 8.40, 8.01, 7.15, 6.67,.