Today we will analyze the stock PETROQUEST ENERGY (PE4.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROQUEST ENERGY (PE4.BE)
1- Last bullish trend was from 6.42 $ (4/4/2011) to 6.64 $ (4/5/2011) a 0.22 $ move 2- The current bearish trend started from 6.64 $ at 4/5/2011 and is currently trading at 6.17 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PETROQUEST ENERGY (PE4.BE) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 6.640 .
5- The Stock formed a 1.360 $ height triangle which was broken down at 6.420, target of the pattern is 5.060.
PETROQUEST ENERGY (PE4.BE) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.280 and 5.240, and is currently supporting at 5.301.
PETROQUEST ENERGY (PE4.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.280 and 5.190, and is currently supporting at 5.315.

Stock Trading Conclusion:
PETROQUEST ENERGY (PE4.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 6.28, 6.35, 6.40, 6.46, 6.64, 6.83.
Stock Support levels : 5.31, 5.30,.