Today we will analyze the stock SAKS (PFF.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in SAKS (PFF.BE)
1- Last bearish trend was from 9.08 $ (3/10/2011) to 7.85 $ (3/29/2011) a 1.23 $ move 2- The current bullish trend started from 7.85 $ at 3/29/2011 and is currently trading at 8.13 $.
3- PFF.BE current support level is at 7.85 which is the 0.00 % fibonacci retracement of the last 1.23 $ move.
4- PFF.BE current resistance level is at 8.14 which is the 23.60 % fibonacci retracement of the last 1.23 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SAKS (PFF.BE) Short term stock chart patterns for internet stock trading :

None.
SAKS (PFF.BE) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 1.370 $ height triangle which was broken down at 8.500, target of the pattern is 7.130.
SAKS (PFF.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.110 and 7.990 that was broken down at 8.110 transforming into a resistance line.

Stock Trading Conclusion:
SAKS (PFF.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 : 8.14, 8.32, 8.35, 8.47, 8.61, 8.83, 9.08, 9.41, 9.84.
Stock Support levels : 8.06, 8.02, 7.99, 7.96, 7.85,.