Today we will analyze the stock PRANA BIOTECHNOLOGY (PBN.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PRANA BIOTECHNOLOGY (PBN.BE)
1- Last bullish trend was from 0.16 $ (4/5/2011) to 0.17 $ (4/6/2011) a 0.01 $ move 2- The current bearish trend started from 0.17 $ at 4/6/2011 and is currently trading at 0.16 $.
3- PBN.BE current support level is at 0.16 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- PBN.BE current resistance level is at 0.16 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PRANA BIOTECHNOLOGY (PBN.BE) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.160 and 0.170,resistance between 0.170 and 0.180, the stock channel is currently supported from below by 0.147 and resisted from above by 0.160.
PRANA BIOTECHNOLOGY (PBN.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.160 and 0.090 that was broken down at 0.160 transforming into a resistance line.
PRANA BIOTECHNOLOGY (PBN.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.090 .

Stock Trading Conclusion:
PRANA BIOTECHNOLOGY (PBN.BE) was trading in a bullish 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 : 0.162, 0.164, 0.165, 0.166, 0.168, 0.170, 0.183.
Stock Support levels : 0.157, 0.154, 0.090,.