Today we will analyze the stock PETROBANK ENERGY (PBE.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROBANK ENERGY (PBE.BE)
1- Last bearish trend was from 18.51 $ (3/2/2011) to 13.55 $ (3/16/2011) a 4.96 $ move 2- The current bullish trend started from 13.55 $ at 3/16/2011 and is currently trading at 14.56 $.
3- PBE.BE current support level is at 13.55 which is the 0.00 % fibonacci retracement of the last 4.96 $ move.
4- PBE.BE current resistance level is at 14.72 which is the 23.60 % fibonacci retracement of the last 4.96 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
PETROBANK ENERGY (PBE.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 18.510 and 19.270, and is currently resisting at 17.964.
PETROBANK ENERGY (PBE.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 18.510 and 19.270, and is currently resisting at 17.964.
PETROBANK ENERGY (PBE.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 18.510 and 33.040 that was broken up at 14.400 transforming into a supporting line.

Stock Trading Conclusion:
PETROBANK ENERGY (PBE.BE) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 14.72, 15.44, 16.03, 16.62, 17.96, 18.51, 19.86, 21.58.
Stock Support levels : 14.32, 14.17, 14.06, 13.94, 13.55,.