Today we will analyze the stock PERDIGAO SP ADR (P5Y.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PERDIGAO SP ADR (P5Y.BE)
1- Last bearish trend was from 13.40 $ (2/23/2011) to 11.90 $ (3/18/2011) a 1.50 $ move 2- The current bullish trend started from 11.90 $ at 3/18/2011 and is currently trading at 12.88 $.
3- P5Y.BE current support level is at 12.83 which is the 61.80 % fibonacci retracement of the last 1.50 $ move.
4- P5Y.BE current resistance level is at 13.40 which is the 100.00 % fibonacci retracement of the last 1.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
PERDIGAO SP ADR (P5Y.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 11.900 and 11.640, and is currently supporting at 11.983.
PERDIGAO SP ADR (P5Y.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 11.900 and 11.640, and is currently supporting at 11.983.
PERDIGAO SP ADR (P5Y.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 13.400 .
9- The Stock formed a 1.760 $ height triangle.

Stock Trading Conclusion:
PERDIGAO SP ADR (P5Y.BE) was trading in a strong bullish 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 : 13.40, 13.81, 14.33.
Stock Support levels : 12.83, 12.65, 12.65, 12.51, 12.47, 12.39, 12.27, 12.25, 11.98, 11.90,.