Today we will analyze the stock TOWNGAS CHINA (PGJ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in TOWNGAS CHINA (PGJ.BE)
1- Last bullish trend was from 0.30 $ (3/22/2011) to 0.32 $ (3/28/2011) a 0.02 $ move 2- The current bearish trend started from 0.32 $ at 3/28/2011 and is currently trading at 0.31 $.
3- PGJ.BE current support level is at 0.31 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
4- PGJ.BE current resistance level is at 0.31 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
TOWNGAS CHINA (PGJ.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.300 .
TOWNGAS CHINA (PGJ.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.300 $ and 0.320 $.

TOWNGAS CHINA (PGJ.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 0.330 and 0.300,resistance between 0.390 and 0.370 which was broken down at 0.330.

Stock Trading Conclusion:
TOWNGAS CHINA (PGJ.BE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.312, 0.314, 0.315, 0.315, 0.316, 0.320, 0.383.
Stock Support levels : 0.308, 0.300, 0.295,.