Today we will analyze the stock CHINA PACKAGING (PGX.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in CHINA PACKAGING (PGX.BE)
1- Last bearish trend was from 0.03 $ (4/22/2009) to 0.02 $ (4/24/2009) a 0.01 $ move 2- The current bullish trend started from 0.02 $ at 4/24/2009 and is currently trading at 0.03 $.
3- PGX.BE current support level is at 0.03 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- PGX.BE current resistance level is at 0.03 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CHINA PACKAGING (PGX.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.030 .
7- The Stock formed a 0.020 $ height triangle.
CHINA PACKAGING (PGX.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.030 .
9- The Stock formed a 0.020 $ height triangle.
CHINA PACKAGING (PGX.BE) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.030 .
11- The Stock formed a 0.020 $ height triangle.

Stock Trading Conclusion:
CHINA PACKAGING (PGX.BE) was trading in a bullish wave, which is becoming stronger .
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 : 0.033, 0.036.
Stock Support levels : 0.028, 0.026, 0.025, 0.024, 0.022, 0.020,.