Today we will analyze the stock PAYCHEX INC (PCX.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PAYCHEX INC (PCX.BE)
1- Last bearish trend was from 24.23 $ (3/10/2011) to 21.77 $ (3/29/2011) a 2.46 $ move 2- The current bullish trend started from 21.77 $ at 3/29/2011 and is currently trading at 21.97 $.
3- PCX.BE current support level is at 21.77 which is the 0.00 % fibonacci retracement of the last 2.46 $ move.
4- PCX.BE current resistance level is at 22.35 which is the 23.60 % fibonacci retracement of the last 2.46 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PAYCHEX INC (PCX.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 24.230 and 24.480, and is currently resisting at 23.906.
PAYCHEX INC (PCX.BE) Mid term stock chart patterns for internet stock trading :

None.
PAYCHEX INC (PCX.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 19.070 and 17.190, and is currently supporting at 20.221.

Stock Trading Conclusion:
PAYCHEX INC (PCX.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 22.35, 22.71, 23.00, 23.29, 23.91, 24.23, 24.90, 25.75.
Stock Support levels : 21.92, 21.89, 21.87, 21.85, 21.77,.