Today we will analyze the stock PETSMART (PEM.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETSMART (PEM.BE)
1- Last bearish trend was from 30.41 $ (3/4/2011) to 28.38 $ (3/21/2011) a 2.03 $ move 2- The current bullish trend started from 28.38 $ at 3/21/2011 and is currently trading at 28.84 $.
3- PEM.BE current support level is at 28.38 which is the 0.00 % fibonacci retracement of the last 2.03 $ move.
4- PEM.BE current resistance level is at 28.86 which is the 23.60 % fibonacci retracement of the last 2.03 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PETSMART (PEM.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 30.410 and 30.890, and is currently resisting at 29.450.
PETSMART (PEM.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.040 $ height triangle which was broken down at 28.840, target of the pattern is 24.800.
PETSMART (PEM.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 22.700 and 13.600 that was broken down at 28.840 transforming into a resistance line.

Stock Trading Conclusion:
PETSMART (PEM.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 : 28.86, 29.07, 29.16, 29.32, 29.40, 29.45, 29.63, 30.41, 30.96, 31.66.
Stock Support levels : 28.73, 28.66, 28.61, 28.56, 28.38,.