Today we will analyze the stock ENCANA (PCD1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in ENCANA (PCD1.BE)
1- Last bullish trend was from 21.84 $ (3/14/2011) to 24.42 $ (3/28/2011) a 2.58 $ move 2- The current bearish trend started from 24.42 $ at 3/28/2011 and is currently trading at 23.56 $.
3- PCD1.BE current support level is at 23.43 which is the 38.20 % fibonacci retracement of the last 2.58 $ move.
4- PCD1.BE current resistance level is at 23.81 which is the 23.60 % fibonacci retracement of the last 2.58 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ENCANA (PCD1.BE) Short term stock chart patterns for internet stock trading :

None.
ENCANA (PCD1.BE) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.840 and 20.250, and is currently supporting at 22.243.
ENCANA (PCD1.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 22.410 and 26.000 that was broken up at 20.030 transforming into a supporting line.

Stock Trading Conclusion:
ENCANA (PCD1.BE) was trading in a 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 : 23.76, 23.81, 23.89, 23.99, 24.09, 24.42,.
Stock Support levels : 23.43, 23.13, 22.83, 22.24, 21.84, 21.14, 20.25,.