Today we will analyze the stock PETROMED (PE8.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROMED (PE8.BE)
1- Last bearish trend was from 2.00 $ (5/15/2008) to 1.50 $ (6/17/2008) a 0.50 $ move 2- The current bullish trend started from 1.50 $ at 6/17/2008 and is currently trading at 1.75 $.
3- PE8.BE current support level is at 1.75 which is the 50.00 % fibonacci retracement of the last 0.50 $ move.
4- PE8.BE current resistance level is at 1.81 which is the 61.80 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PETROMED (PE8.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.000 and 2.500 that was broken up at 1.750 transforming into a supporting line.
PETROMED (PE8.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.000 and 2.500 that was broken up at 1.750 transforming into a supporting line.
PETROMED (PE8.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.000 and 2.500 that was broken up at 1.750 transforming into a supporting line.

Stock Trading Conclusion:
PETROMED (PE8.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1.81, 2.00, 2.14, 2.31.
Stock Support levels : 1.69, 1.65, 1.63, 1.62, 1.60, 1.50, 1.01,.