Today we will analyze the stock PETRO RESOURCES (P7E.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETRO RESOURCES (P7E.BE)
1- Last bearish trend was from 5.40 $ (3/8/2011) to 4.76 $ (3/11/2011) a 0.64 $ move 2- The current bullish trend started from 4.76 $ at 3/11/2011 and is currently trading at 5.97 $.
3- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PETRO RESOURCES (P7E.BE) Short term stock chart patterns for internet stock trading :

None.
PETRO RESOURCES (P7E.BE) Mid term stock chart patterns for internet stock trading :

None.
PETRO RESOURCES (P7E.BE) Long term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 4.760 .
5- The Stock formed a 1.240 $ height triangle which was broken up at 5.310, target of the pattern is 6.550.

Stock Trading Conclusion:
PETRO RESOURCES (P7E.BE) was trading in a bullish 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 : 6.55.
Stock Support levels : 5.68, 5.51, 5.36, 5.22, 5.10, 4.78,.