Stock Technical indicators to notice in POKERTEK (P4U.BE)
1- Last bullish trend was from 0.49 $ (2/23/2011) to 0.51 $ (2/24/2011) a 0.02 $ move 2- The current bearish trend started from 0.51 $ at 2/24/2011 and is currently trading at 0.42 $.
POKERTEK (P4U.BE) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 0.490 that failed and formed a resistance.
5- The Stock was resisted by a resistance line, identified by two points: 0.510 and 0.520, and is currently resisting at 0.505.
POKERTEK (P4U.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.520 .
7- The Stock formed a 0.080 $ height triangle which was broken down at 0.500, target of the pattern is 0.420.
POKERTEK (P4U.BE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 0.440 and 0.520,resistance between 0.520 and 0.620, the stock channel is currently supported from below by 0.405 and resisted from above by 0.516.
Stock Trading Conclusion:
POKERTEK (P4U.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 : 0.441, 0.454, 0.465, 0.476, 0.490, 0.505, 0.510, 0.520, 0.560.
Stock Support levels :.