Today we will analyze the stock APPLIED BIOSYSTEMS (PBIB.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in APPLIED BIOSYSTEMS (PBIB.BE)
1- Last bullish trend was from 21.82 $ (10/30/2008) to 23.80 $ (11/5/2008) a 1.98 $ move 2- The current bearish trend started from 23.80 $ at 11/5/2008 and is currently trading at 22.61 $.
3- PBIB.BE current support level is at 22.58 which is the 61.80 % fibonacci retracement of the last 1.98 $ move.
4- PBIB.BE current resistance level is at 22.81 which is the 50.00 % fibonacci retracement of the last 1.98 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
APPLIED BIOSYSTEMS (PBIB.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.820 and 20.810 that was broken down at 23.800 transforming into a resistance line.
APPLIED BIOSYSTEMS (PBIB.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.550 $ height triangle.
APPLIED BIOSYSTEMS (PBIB.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 5.530 $ height triangle.

Stock Trading Conclusion:
APPLIED BIOSYSTEMS (PBIB.BE) was trading in a bearish wave, which is becoming weaker .
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 : 22.81, 22.89, 23.04, 23.06, 23.20, 23.33, 23.35, 23.80, 29.40.
Stock Support levels : 22.58, 21.82, 21.28,.