Today we will analyze the stock PROGEN PHARMAC (PG1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PROGEN PHARMAC (PG1.BE)
1- Last bullish trend was from 0.21 $ (4/7/2011) to 0.22 $ (4/8/2011) a 0.01 $ move 2- The current bearish trend started from 0.22 $ at 4/8/2011 and is currently trading at 0.21 $.
3- PG1.BE current support level is at 0.21 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- PG1.BE current resistance level is at 0.21 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PROGEN PHARMAC (PG1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.040 $ height triangle which was broken down at 0.210, target of the pattern is 0.170.
PROGEN PHARMAC (PG1.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.230 and 0.260, and is currently resisting at 0.221.
PROGEN PHARMAC (PG1.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PROGEN PHARMAC (PG1.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 : 0.212, 0.213, 0.214, 0.215, 0.215, 0.216, 0.218, 0.220, 0.221, 0.250.
Stock Support levels : 0.207, 0.204,.