Today we will analyze the stock PERRIGO (PGO.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PERRIGO (PGO.BE)
1- Last bearish trend was from 55.49 $ (3/11/2011) to 52.40 $ (3/25/2011) a 3.09 $ move 2- The current bullish trend started from 52.40 $ at 3/25/2011 and is currently trading at 55.82 $.
3- PGO.BE current support level is at 55.49 which is the 100.00 % fibonacci retracement of the last 3.09 $ move.
4- PGO.BE current resistance level is at 56.33 which is the 127.20 % fibonacci retracement of the last 3.09 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PERRIGO (PGO.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 55.490 that failed, and formed a support .
7- The Stock formed a 3.650 $ height triangle which was broken up at 55.590, target of the pattern is 59.240.
PERRIGO (PGO.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 51.940 and 47.210,resistance between 55.590 and 50.750, the stock channel is currently supported from below by 55.700 and resisted from above by 59.642.
PERRIGO (PGO.BE) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 8.500 $ height triangle which was broken up at 50.500, target of the pattern is 59.000.

Stock Trading Conclusion:
PERRIGO (PGO.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 56.33, 57.40, 59.00, 59.24.
Stock Support levels : 55.49, 55.35, 55.01, 54.51, 54.31, 54.11, 53.94, 53.71, 53.58, 53.13, 52.40, 51.91,.