Today we will analyze the stock PIEDMONT NATUR.GAS (PDM.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PIEDMONT NATUR.GAS (PDM.BE)
1- Last bullish trend was from 20.24 $ (3/18/2011) to 21.56 $ (4/5/2011) a 1.32 $ move 2- The current bearish trend started from 21.56 $ at 4/5/2011 and is currently trading at 20.61 $.
3- PDM.BE current support level is at 20.24 which is the 100.00 % fibonacci retracement of the last 1.32 $ move.
4- PDM.BE current resistance level is at 20.74 which is the 61.80 % fibonacci retracement of the last 1.32 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
PIEDMONT NATUR.GAS (PDM.BE) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 20.240 .
8- The Stock formed a 1.720 $ height triangle.
PIEDMONT NATUR.GAS (PDM.BE) Mid term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 20.240 .
10- The Stock formed a 2.060 $ height triangle.
PIEDMONT NATUR.GAS (PDM.BE) Long term stock chart patterns for internet stock trading :

11- The Stock was supported by a support line, identified by two points: 19.470 and 15.100 that was broken down at 21.740 transforming into a resistance line.

Stock Trading Conclusion:
PIEDMONT NATUR.GAS (PDM.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 : 20.74, 20.83, 20.90, 20.97, 21.06, 21.08, 21.20, 21.25, 21.56, 24.36.
Stock Support levels : 20.24, 19.88,.