Today we will analyze the stock PARKER DRILLING CO (PAD.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PARKER DRILLING CO (PAD.BE)
1- Last bearish trend was from 4.97 $ (3/31/2011) to 4.55 $ (4/4/2011) a 0.42 $ move 2- The current bullish trend started from 4.55 $ at 4/4/2011 and is currently trading at 4.75 $.
3- PAD.BE current support level is at 4.71 which is the 38.20 % fibonacci retracement of the last 0.42 $ move.
4- PAD.BE current resistance level is at 4.76 which is the 50.00 % fibonacci retracement of the last 0.42 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PARKER DRILLING CO (PAD.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.550 and 3.190, and is currently supporting at 4.739.
PARKER DRILLING CO (PAD.BE) Mid term stock chart patterns for internet stock trading :

None.
PARKER DRILLING CO (PAD.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.890 and 2.850, and is currently supporting at 2.931.

Stock Trading Conclusion:
PARKER DRILLING CO (PAD.BE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 4.76, 4.81, 4.97, 5.08, 5.23.
Stock Support levels : 4.74, 4.71, 4.70, 4.67, 4.65, 4.65, 4.63, 4.55,.