Today we will analyze the stock POWERBAGS (P9B.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in POWERBAGS (P9B.BE)
1- Last bullish trend was from 0.24 $ (4/5/2011) to 0.29 $ (4/6/2011) a 0.05 $ move 2- The current bearish trend started from 0.29 $ at 4/6/2011 and is currently trading at 0.24 $.
3- P9B.BE current support level is at 0.23 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
4- P9B.BE current resistance level is at 0.24 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
POWERBAGS (P9B.BE) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 0.070 $ height triangle which was broken down at 0.240, target of the pattern is 0.170.
POWERBAGS (P9B.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.070 $ height triangle which was broken down at 0.240, target of the pattern is 0.170.
POWERBAGS (P9B.BE) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.070 $ height triangle which was broken down at 0.240, target of the pattern is 0.170.

Stock Trading Conclusion:
POWERBAGS (P9B.BE) was trading in a strong 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 : 0.245, 0.252, 0.259, 0.265, 0.271, 0.278, 0.290,.
Stock Support levels : 0.226, 0.209, 0.170,.