Today we will analyze the stock PELIKAN HLDG (PEL1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PELIKAN HLDG (PEL1.BE)
1- Last bullish trend was from 36.79 $ (4/5/2011) to 40.50 $ (4/8/2011) a 3.71 $ move 2- The current bearish trend started from 40.50 $ at 4/8/2011 and is currently trading at 37.51 $.
3- PEL1.BE current support level is at 36.79 which is the 100.00 % fibonacci retracement of the last 3.71 $ move.
4- PEL1.BE current resistance level is at 38.21 which is the 61.80 % fibonacci retracement of the last 3.71 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
PELIKAN HLDG (PEL1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 40.500 and 42.500, and is currently resisting at 40.100.
PELIKAN HLDG (PEL1.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 40.500 and 43.990, and is currently resisting at 40.417.
PELIKAN HLDG (PEL1.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PELIKAN HLDG (PEL1.BE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 38.21, 38.22, 38.65, 38.65, 39.01, 39.08, 39.36, 39.62, 40.10, 40.42, 40.50,.
Stock Support levels : 36.79, 35.78,.