Today we will analyze the stock PETROLIA DRILLING (P8D.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROLIA DRILLING (P8D.BE)
1- Last bullish trend was from 0.14 $ (3/29/2011) to 0.18 $ (4/4/2011) a 0.04 $ move 2- The current bearish trend started from 0.18 $ at 4/4/2011 and is currently trading at 0.16 $.
3- P8D.BE current support level is at 0.16 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
4- P8D.BE current resistance level is at 0.16 which is the 50.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PETROLIA DRILLING (P8D.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.140 .
PETROLIA DRILLING (P8D.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.140 .
PETROLIA DRILLING (P8D.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.180 and 0.220, and is currently resisting at 0.172.

Stock Trading Conclusion:
PETROLIA DRILLING (P8D.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 : 0.165, 0.168, 0.170, 0.171, 0.172, 0.172, 0.180,.
Stock Support levels : 0.155, 0.140, 0.129,.