Today we will analyze the stock PARKER-HANNIFIN CO. (PAR.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PARKER-HANNIFIN CO. (PAR.BE)
1- Last bearish trend was from 67.35 $ (2/14/2011) to 59.46 $ (3/8/2011) a 7.89 $ move 2- The current bullish trend started from 59.46 $ at 3/8/2011 and is currently trading at 64.29 $.
3- PAR.BE current support level is at 63.40 which is the 50.00 % fibonacci retracement of the last 7.89 $ move.
4- PAR.BE current resistance level is at 64.34 which is the 61.80 % fibonacci retracement of the last 7.89 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PARKER-HANNIFIN CO. (PAR.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 67.350 and 68.300, and is currently resisting at 65.698.
PARKER-HANNIFIN CO. (PAR.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 67.350 and 68.300, and is currently resisting at 65.698.
PARKER-HANNIFIN CO. (PAR.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 67.350 and 68.300, and is currently resisting at 65.698.

Stock Trading Conclusion:
PARKER-HANNIFIN CO. (PAR.BE) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 64.34, 65.70, 67.35, 69.50, 72.23.
Stock Support levels : 63.40, 63.15, 62.47, 62.44, 61.88, 61.32, 61.31, 59.46,.