Today we will analyze the stock PEGAS NONWOVENS (PD5.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PEGAS NONWOVENS (PD5.BE)
1- Last bearish trend was from 18.45 $ (2/9/2011) to 16.99 $ (3/17/2011) a 1.46 $ move 2- The current bullish trend started from 16.99 $ at 3/17/2011 and is currently trading at 17.94 $.
3- PD5.BE current support level is at 17.89 which is the 61.80 % fibonacci retracement of the last 1.46 $ move.
4- PD5.BE current resistance level is at 18.45 which is the 100.00 % fibonacci retracement of the last 1.46 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PEGAS NONWOVENS (PD5.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 18.450 and 18.640 that was broken up at 18.310 transforming into a supporting line.
PEGAS NONWOVENS (PD5.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 16.990 and 14.720, and is currently supporting at 17.202.
PEGAS NONWOVENS (PD5.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 17.990 and 18.460 that was broken up at 17.250 transforming into a supporting line.

Stock Trading Conclusion:
PEGAS NONWOVENS (PD5.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 : 18.45, 18.85, 19.35.
Stock Support levels : 17.89, 17.87, 17.72, 17.72, 17.58, 17.55, 17.47, 17.35, 17.33, 17.20, 17.18, 16.99,.