Today we will analyze the stock PATTERSON-UTI ENRGY (PE1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PATTERSON-UTI ENRGY (PE1.BE)
1- Last bearish trend was from 20.53 $ (4/1/2011) to 19.28 $ (4/8/2011) a 1.25 $ move 2- The current bullish trend started from 19.28 $ at 4/8/2011 and is currently trading at 20.02 $.
3- PE1.BE current support level is at 19.91 which is the 50.00 % fibonacci retracement of the last 1.25 $ move.
4- PE1.BE current resistance level is at 20.05 which is the 61.80 % fibonacci retracement of the last 1.25 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PATTERSON-UTI ENRGY (PE1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 19.280 and 18.910, and is currently supporting at 19.306.
PATTERSON-UTI ENRGY (PE1.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 14.800 and 14.000, and is currently supporting at 15.719.
PATTERSON-UTI ENRGY (PE1.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 14.800 and 13.000, and is currently supporting at 16.476.

Stock Trading Conclusion:
PATTERSON-UTI ENRGY (PE1.BE) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 20.05, 20.53, 20.87, 21.30.
Stock Support levels : 19.91, 19.85, 19.76, 19.74, 19.65, 19.58, 19.56, 19.31, 19.28, 16.48,.