Today we will analyze the stock PELE MOUNTAIN RES (P5Z.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PELE MOUNTAIN RES (P5Z.BE)
1- Last bullish trend was from 0.23 $ (4/7/2011) to 0.25 $ (4/8/2011) a 0.02 $ move 2- The current bearish trend started from 0.25 $ at 4/8/2011 and is currently trading at 0.24 $.
3- P5Z.BE current support level is at 0.24 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
4- P5Z.BE current resistance level is at 0.24 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PELE MOUNTAIN RES (P5Z.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.230 and 0.220, and is currently supporting at 0.237.
PELE MOUNTAIN RES (P5Z.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.180 $ height triangle which was broken up at 0.250, target of the pattern is 0.430.
PELE MOUNTAIN RES (P5Z.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.180 $ height triangle which was broken up at 0.250, target of the pattern is 0.430.

Stock Trading Conclusion:
PELE MOUNTAIN RES (P5Z.BE) was trading in a bearish 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 : 0.240, 0.242, 0.244, 0.245, 0.245, 0.246, 0.250, 0.430,.
Stock Support levels : 0.238, 0.237, 0.230, 0.225, 0.225,.