Stock Technical indicators to notice in PRIMION TECHN (P4T.BE)
1- Last bearish trend was from 4.59 $ (3/4/2011) to 4.05 $ (3/17/2011) a 0.54 $ move 2- The current bullish trend started from 4.05 $ at 3/17/2011 and is currently trading at 4.57 $.
4- P4T.BE current resistance level is at 4.59 which is the 100.00 % fibonacci retracement of the last 0.54 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PRIMION TECHN (P4T.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 4.590 .
PRIMION TECHN (P4T.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 4.050 .
PRIMION TECHN (P4T.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 2.060 $ height triangle which was broken up at 4.550, target of the pattern is 6.610.
Stock Trading Conclusion:
PRIMION TECHN (P4T.BE) was trading in a bullish 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 : 4.58, 4.58, 4.59, 4.59, 4.74, 4.92, 6.61.
Stock Support levels : 4.47, 4.45, 4.38, 4.37, 4.32, 4.31, 4.26, 4.25, 4.18, 4.05,.