Stock Technical indicators to notice in PLANET EXPLORATION (P6U.BE)
1- Last bullish trend was from 0.24 $ (4/7/2011) to 0.26 $ (4/8/2011) a 0.02 $ move 2- The current bearish trend started from 0.26 $ at 4/8/2011 and is currently trading at 0.25 $.
4- P6U.BE current resistance level is at 0.25 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PLANET EXPLORATION (P6U.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.260 .
7- The Stock formed a 0.070 $ height triangle which was broken down at 0.250, target of the pattern is 0.180.
PLANET EXPLORATION (P6U.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.240 and 0.190 that was broken down at 0.250 transforming into a resistance line.
PLANET EXPLORATION (P6U.BE) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 0.190 .
10- The Stock formed Double Top Pattern at 0.210 that failed, and formed a support .
Stock Trading Conclusion:
PLANET EXPLORATION (P6U.BE) was trading in a bullish wave, which is becoming weaker .
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 : 0.252, 0.254, 0.254, 0.255, 0.255, 0.256, 0.260,.
Stock Support levels : 0.248, 0.240, 0.235, 0.228, 0.210, 0.190,.