Today we will analyze the stock PETRO ANDINA RES-A (PA31.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETRO ANDINA RES-A (PA31.BE)
1- Last bullish trend was from 6.62 $ (11/2/2009) to 7.42 $ (11/10/2009) a 0.80 $ move 2- The current bearish trend started from 7.42 $ at 11/10/2009 and is currently trading at 7.09 $.
3- PA31.BE current support level is at 7.02 which is the 50.00 % fibonacci retracement of the last 0.80 $ move.
4- PA31.BE current resistance level is at 7.11 which is the 38.20 % fibonacci retracement of the last 0.80 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
PETRO ANDINA RES-A (PA31.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6.620 and 6.310, and is currently supporting at 6.707.
PETRO ANDINA RES-A (PA31.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.420 and 4.110 that was broken down at 5.470 transforming into a resistance line.
PETRO ANDINA RES-A (PA31.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 3.780 and 3.340,resistance between 4.160 and 3.750 which was broken up at 5.720.

Stock Trading Conclusion:
PETRO ANDINA RES-A (PA31.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 7.11, 7.17, 7.22, 7.23, 7.26, 7.29, 7.42, 11.05.
Stock Support levels : 7.02, 6.93, 6.71, 6.62, 6.40, 6.32,.