Today we will analyze the stock PROGRESS SOFTWARE (PGR.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PROGRESS SOFTWARE (PGR.BE)
1- Last bearish trend was from 20.78 $ (3/29/2011) to 19.78 $ (3/30/2011) a 1.00 $ move 2- The current bullish trend started from 19.78 $ at 3/30/2011 and is currently trading at 20.65 $.
3- PGR.BE current support level is at 20.40 which is the 61.80 % fibonacci retracement of the last 1.00 $ move.
4- PGR.BE current resistance level is at 20.78 which is the 100.00 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PROGRESS SOFTWARE (PGR.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 4.470 $ height triangle which was broken up at 20.890, target of the pattern is 25.360 which was broken down at 20.830, target of the pattern is 16.360.
PROGRESS SOFTWARE (PGR.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 22.950 and 33.440 that was broken up at 22.510 transforming into a supporting line.
PROGRESS SOFTWARE (PGR.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 22.950 and 33.440 that was broken up at 22.510 transforming into a supporting line.

Stock Trading Conclusion:
PROGRESS SOFTWARE (PGR.BE) was trading in a bullish wave, which is becoming weaker .
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 : 20.78, 21.05, 21.27, 21.40, 25.36.
Stock Support levels : 20.44, 20.40, 20.32, 20.28, 20.22, 20.16, 20.13, 20.11, 20.02, 19.78, 16.36, 7.22,.