Today we will analyze the stock PETRO-CANADA (PCA.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETRO-CANADA (PCA.BE)
1- Last bearish trend was from 9.55 $ (4/5/2011) to 4.58 $ (4/8/2011) a 4.97 $ move 2- The current bullish trend started from 4.58 $ at 4/8/2011 and is currently trading at 6.90 $.
3- PCA.BE current support level is at 6.48 which is the 38.20 % fibonacci retracement of the last 4.97 $ move.
4- PCA.BE current resistance level is at 7.07 which is the 50.00 % fibonacci retracement of the last 4.97 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PETRO-CANADA (PCA.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.550 and 30.150 that was broken up at 6.900 transforming into a supporting line.
PETRO-CANADA (PCA.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 9.550 and 30.150 that was broken up at 6.900 transforming into a supporting line.
PETRO-CANADA (PCA.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 9.550 and 30.150 that was broken up at 6.900 transforming into a supporting line.

Stock Trading Conclusion:
PETRO-CANADA (PCA.BE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 7.07, 7.65, 9.55, 10.90, 12.62.
Stock Support levels : 6.48, 6.35, 6.01, 5.75, 5.74, 5.47, 4.97, 4.58,.