Today we will analyze the stock PETRONEFT RES (P8ET.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETRONEFT RES (P8ET.BE)
1- Last bullish trend was from 0.57 $ (4/7/2011) to 0.65 $ (4/8/2011) a 0.08 $ move 2- The current bearish trend started from 0.65 $ at 4/8/2011 and is currently trading at 0.58 $.
3- P8ET.BE current support level is at 0.57 which is the 100.00 % fibonacci retracement of the last 0.08 $ move.
4- P8ET.BE current resistance level is at 0.60 which is the 61.80 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PETRONEFT RES (P8ET.BE) Short term stock chart patterns for internet stock trading :

None.
PETRONEFT RES (P8ET.BE) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.570 and 0.550, and is currently supporting at 0.573.
PETRONEFT RES (P8ET.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PETRONEFT RES (P8ET.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.597, 0.601, 0.607, 0.610, 0.615, 0.619, 0.623, 0.631, 0.650,.
Stock Support levels : 0.573, 0.570, 0.548,.