Stock Technical indicators to notice in PARKSON RETAIL GRP (P5IB.BE)
1- Last bearish trend was from 1.01 $ (3/22/2011) to 0.94 $ (4/1/2011) a 0.07 $ move 2- The current bullish trend started from 0.94 $ at 4/1/2011 and is currently trading at 1.05 $.
4- P5IB.BE current resistance level is at 1.05 which is the 161.80 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PARKSON RETAIL GRP (P5IB.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 0.940 and 0.980,resistance between 1.010 and 1.030 which was broken up at 0.960.
PARKSON RETAIL GRP (P5IB.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.030 and 1.250 that was broken up at 1.010 transforming into a supporting line.
PARKSON RETAIL GRP (P5IB.BE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
PARKSON RETAIL GRP (P5IB.BE) was trading in a bullish wave, which is becoming weaker .
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 : 1.05.
Stock Support levels : 1.03, 1.02, 1.01, 1.01, 1.00, 0.98, 0.98, 0.98, 0.97, 0.96, 0.94, 0.94,.