Stock Technical indicators to notice in PENTAX (P6Z.BE)
1- Last bullish trend was from 19.84 $ (3/8/2011) to 21.56 $ (3/17/2011) a 1.72 $ move 2- The current bearish trend started from 21.56 $ at 3/17/2011 and is currently trading at 20.03 $.
4- P6Z.BE current resistance level is at 20.50 which is the 61.80 % fibonacci retracement of the last 1.72 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PENTAX (P6Z.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 19.840 .
PENTAX (P6Z.BE) Mid term stock chart patterns for internet stock trading :
PENTAX (P6Z.BE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
PENTAX (P6Z.BE) was trading in a bearish wave, which is becoming stronger .
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 : 20.39, 20.50, 20.61, 20.70, 20.80, 20.90, 20.98, 21.15, 21.56,.
Stock Support levels : 19.84, 19.37,.