Today we will analyze the stock PETROLEUM GEO (PGS1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROLEUM GEO (PGS1.BE)
1- Last bearish trend was from 11.97 $ (3/2/2011) to 10.66 $ (3/17/2011) a 1.31 $ move 2- The current bullish trend started from 10.66 $ at 3/17/2011 and is currently trading at 11.43 $.
3- PGS1.BE current support level is at 11.32 which is the 50.00 % fibonacci retracement of the last 1.31 $ move.
4- PGS1.BE current resistance level is at 11.47 which is the 61.80 % fibonacci retracement of the last 1.31 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PETROLEUM GEO (PGS1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 11.970 .
PETROLEUM GEO (PGS1.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 11.970 .
PETROLEUM GEO (PGS1.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 10.660 and 10.400, and is currently supporting at 10.783.

Stock Trading Conclusion:
PETROLEUM GEO (PGS1.BE) was trading in a bullish 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 : 11.47, 11.84, 11.89, 11.93, 11.97, 12.33, 12.78.
Stock Support levels : 11.32, 11.25, 11.16, 11.14, 11.05, 10.97, 10.95, 10.78, 10.66,.