Today we will analyze the stock PURE CYCLE (PDK1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PURE CYCLE (PDK1.BE)
1- Last bullish trend was from 2.56 $ (4/7/2011) to 2.76 $ (4/8/2011) a 0.20 $ move 2- The current bearish trend started from 2.76 $ at 4/8/2011 and is currently trading at 2.66 $.
3- PDK1.BE current support level is at 2.66 which is the 50.00 % fibonacci retracement of the last 0.20 $ move.
4- PDK1.BE current resistance level is at 2.68 which is the 38.20 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PURE CYCLE (PDK1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.560 and 2.500, and is currently supporting at 2.577.
PURE CYCLE (PDK1.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.970 and 3.020, and is currently resisting at 2.687.
PURE CYCLE (PDK1.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.020 and 3.590 that was broken up at 2.650 transforming into a supporting line.

Stock Trading Conclusion:
PURE CYCLE (PDK1.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 : 2.68, 2.69, 2.70, 2.71, 2.71, 2.72, 2.76,.
Stock Support levels : 2.66, 2.64, 2.58, 2.56, 2.51, 2.44,.