Today we will analyze the stock PROGRESSIVE (OHIO) (PGV.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PROGRESSIVE (OHIO) (PGV.BE)
1- Last bearish trend was from 14.93 $ (3/10/2011) to 14.20 $ (3/16/2011) a 0.73 $ move 2- The current bullish trend started from 14.20 $ at 3/16/2011 and is currently trading at 14.41 $.
3- PGV.BE current support level is at 14.37 which is the 23.60 % fibonacci retracement of the last 0.73 $ move.
4- PGV.BE current resistance level is at 14.48 which is the 38.20 % fibonacci retracement of the last 0.73 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PROGRESSIVE (OHIO) (PGV.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 14.200 .
PROGRESSIVE (OHIO) (PGV.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 15.550 and 16.030, and is currently resisting at 14.875.
PROGRESSIVE (OHIO) (PGV.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 6.190 $ height triangle which was broken down at 15.020, target of the pattern is 8.830.

Stock Trading Conclusion:
PROGRESSIVE (OHIO) (PGV.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 14.48, 14.57, 14.65, 14.87, 14.93, 15.13, 15.38, 17.25.
Stock Support levels : 14.37, 14.36, 14.33, 14.31, 14.28, 14.20, 14.17, 14.14,.