Today we will analyze the stock PRIMEENERGY (PEJ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PRIMEENERGY (PEJ.BE)
1- Last bullish trend was from 17.67 $ (3/21/2011) to 19.14 $ (4/4/2011) a 1.47 $ move 2- The current bearish trend started from 19.14 $ at 4/4/2011 and is currently trading at 18.28 $.
3- PEJ.BE current support level is at 18.23 which is the 61.80 % fibonacci retracement of the last 1.47 $ move.
4- PEJ.BE current resistance level is at 18.40 which is the 50.00 % fibonacci retracement of the last 1.47 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PRIMEENERGY (PEJ.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 5.480 $ height triangle which was broken down at 17.930, target of the pattern is 12.450.
PRIMEENERGY (PEJ.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 7.020 $ height triangle which was broken down at 17.930, target of the pattern is 10.910.
PRIMEENERGY (PEJ.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PRIMEENERGY (PEJ.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 : 18.40, 18.48, 18.58, 18.61, 18.64, 18.71, 18.71, 18.79, 18.81, 19.14,.
Stock Support levels : 18.23, 17.67, 17.27, 16.76, 12.45,.