Today we will analyze the stock PARMALAT (P4I.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PARMALAT (P4I.BE)
1- Last bullish trend was from 2.26 $ (3/23/2011) to 2.41 $ (4/1/2011) a 0.15 $ move 2- The current bearish trend started from 2.41 $ at 4/1/2011 and is currently trading at 2.27 $.
3- P4I.BE current support level is at 2.26 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
4- P4I.BE current resistance level is at 2.32 which is the 61.80 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PARMALAT (P4I.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.460 $ height triangle which was broken down at 2.280, target of the pattern is 1.820.
PARMALAT (P4I.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.460 $ height triangle which was broken down at 2.280, target of the pattern is 1.820.
PARMALAT (P4I.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PARMALAT (P4I.BE) was trading in a bullish wave, which is becoming weaker .
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 : 2.30, 2.32, 2.32, 2.34, 2.34, 2.34, 2.35, 2.36, 2.37, 2.41,.
Stock Support levels : 2.26, 2.22, 2.17, 1.82,.