Stock Technical indicators to notice in PENN VA GP HLDGS (P4B.BE)
1- Last bullish trend was from 18.65 $ (2/25/2011) to 19.22 $ (3/9/2011) a 0.57 $ move 2- The current bearish trend started from 19.22 $ at 3/9/2011 and is currently trading at 18.54 $.
4- P4B.BE current resistance level is at 18.65 which is the 100.00 % fibonacci retracement of the last 0.57 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PENN VA GP HLDGS (P4B.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 19.220 and 19.790, and is currently resisting at 19.194.
PENN VA GP HLDGS (P4B.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 2.270 $ height triangle which was broken down at 18.750, target of the pattern is 16.480.
PENN VA GP HLDGS (P4B.BE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 13.050 and 12.930,resistance between 14.410 and 14.260 which was broken up at 15.540.
Stock Trading Conclusion:
PENN VA GP HLDGS (P4B.BE) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 18.65, 18.70, 18.80, 18.87, 18.88, 18.93, 18.96, 19.00, 19.09, 19.19, 19.22, 20.78.
Stock Support levels : 18.49, 18.30, 17.14,.