Today we will analyze the stock PETROCHINA SP.ADR (PC6A.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROCHINA SP.ADR (PC6A.BE)
1- Last bullish trend was from 92.57 $ (3/21/2011) to 107.85 $ (4/8/2011) a 15.28 $ move 2- The current bearish trend started from 107.85 $ at 4/8/2011 and is currently trading at 103.50 $.
3- PC6A.BE current support level is at 102.01 which is the 38.20 % fibonacci retracement of the last 15.28 $ move.
4- PC6A.BE current resistance level is at 104.24 which is the 23.60 % fibonacci retracement of the last 15.28 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PETROCHINA SP.ADR (PC6A.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 92.570 and 91.800, and is currently supporting at 93.292.
PETROCHINA SP.ADR (PC6A.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 10.000 $ height triangle which was broken up at 102.400, target of the pattern is 112.400.
PETROCHINA SP.ADR (PC6A.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 91.800 and 80.980,resistance between 103.200 and 89.000, the stock channel is currently supported from below by 94.906 and resisted from above by 109.523.

Stock Trading Conclusion:
PETROCHINA SP.ADR (PC6A.BE) was trading in a bullish wave, which is becoming stronger .
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 : 104.24, 104.53, 105.16, 105.68, 106.19, 107.85, 112.40.
Stock Support levels : 102.01, 100.21, 99.03, 98.41, 93.29, 92.57, 88.41,.