Today we will analyze the stock PIKE ELECTRIC (P4S.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PIKE ELECTRIC (P4S.BE)
1- Last bullish trend was from 6.43 $ (4/6/2011) to 6.63 $ (4/7/2011) a 0.20 $ move 2- The current bearish trend started from 6.63 $ at 4/7/2011 and is currently trading at 6.30 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PIKE ELECTRIC (P4S.BE) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.600 $ height triangle which was broken down at 6.300, target of the pattern is 5.700.
PIKE ELECTRIC (P4S.BE) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 6.260 and 6.190 that was broken down at 6.300 transforming into a resistance line.
PIKE ELECTRIC (P4S.BE) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6.190 and 5.930 that was broken down at 6.300 transforming into a resistance line.

Stock Trading Conclusion:
PIKE ELECTRIC (P4S.BE) was trading in a bearish 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 : 6.35, 6.38, 6.39, 6.43, 6.47, 6.49, 6.50, 6.63.
Stock Support levels : 5.70.