Stock Technical indicators to notice in PA RESOURCES (P3R.BE)
1- Last bullish trend was from 0.48 $ (3/31/2011) to 0.54 $ (4/7/2011) a 0.06 $ move 2- The current bearish trend started from 0.54 $ at 4/7/2011 and is currently trading at 0.48 $.
4- P3R.BE current resistance level is at 0.48 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PA RESOURCES (P3R.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 0.480 and 0.440,resistance between 0.540 and 0.500 which was broken down at 0.480.
PA RESOURCES (P3R.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.440 .
PA RESOURCES (P3R.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.440 .
Stock Trading Conclusion:
PA RESOURCES (P3R.BE) was trading in a bearish 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 : 0.494, 0.500, 0.503, 0.508, 0.510, 0.517, 0.526, 0.540,.
Stock Support levels : 0.464, 0.443, 0.440,.