Today we will analyze the stock PLAINS EXPLORATION (PET.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PLAINS EXPLORATION (PET.BE)
1- Last bullish trend was from 24.75 $ (3/29/2011) to 25.86 $ (4/5/2011) a 1.11 $ move 2- The current bearish trend started from 25.86 $ at 4/5/2011 and is currently trading at 25.02 $.
3- PET.BE current support level is at 24.75 which is the 100.00 % fibonacci retracement of the last 1.11 $ move.
4- PET.BE current resistance level is at 25.17 which is the 61.80 % fibonacci retracement of the last 1.11 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PLAINS EXPLORATION (PET.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 24.750 and 24.350 that was broken down at 25.020 transforming into a resistance line.
PLAINS EXPLORATION (PET.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 24.350 and 24.100, and is currently supporting at 24.449.
PLAINS EXPLORATION (PET.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PLAINS EXPLORATION (PET.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 : 25.17, 25.22, 25.31, 25.34, 25.35, 25.44, 25.44, 25.54, 25.60, 25.86,.
Stock Support levels : 24.75, 24.45, 24.45, 24.34,.