Today we will analyze the stock PENFORD (PFO.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PENFORD (PFO.BE)
1- Last bullish trend was from 4.04 $ (3/22/2011) to 4.32 $ (4/5/2011) a 0.28 $ move 2- The current bearish trend started from 4.32 $ at 4/5/2011 and is currently trading at 3.86 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PENFORD (PFO.BE) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 4.040 and 4.010 that was broken down at 3.900 transforming into a resistance line.
PENFORD (PFO.BE) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 4.320 and 4.470, and is currently resisting at 4.303.
PENFORD (PFO.BE) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.470 and 5.010 that was broken up at 4.080 transforming into a supporting line.

Stock Trading Conclusion:
PENFORD (PFO.BE) was trading in a 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 : 3.97, 4.04, 4.08, 4.09, 4.14, 4.30, 4.32.
Stock Support levels : 3.36.