Today we will analyze the stock PALOMAR MED TECH (PAL1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PALOMAR MED TECH (PAL1.BE)
1- Last bullish trend was from 9.69 $ (3/29/2011) to 10.39 $ (4/1/2011) a 0.70 $ move 2- The current bearish trend started from 10.39 $ at 4/1/2011 and is currently trading at 9.50 $.
3- PAL1.BE current support level is at 9.50 which is the 127.20 % fibonacci retracement of the last 0.70 $ move.
4- PAL1.BE current resistance level is at 9.69 which is the 100.00 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PALOMAR MED TECH (PAL1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 9.690 and 9.260 that was broken down at 10.060 transforming into a resistance line.
PALOMAR MED TECH (PAL1.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 10.390 and 12.020, and is currently resisting at 10.041.
PALOMAR MED TECH (PAL1.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PALOMAR MED TECH (PAL1.BE) was trading in a bearish wave, which is becoming stronger .
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 : 9.69, 9.71, 9.84, 9.94, 9.96, 10.04, 10.04, 10.05, 10.12, 10.22, 10.33, 10.39, 11.42.
Stock Support levels : 9.50,.