Today we will analyze the stock PROVIDENT FINANCIAL (PH5.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PROVIDENT FINANCIAL (PH5.BE)
1- Last bullish trend was from 5.77 $ (2/25/2011) to 6.09 $ (3/10/2011) a 0.32 $ move 2- The current bearish trend started from 6.09 $ at 3/10/2011 and is currently trading at 5.63 $.
3- PH5.BE current support level is at 5.57 which is the 161.80 % fibonacci retracement of the last 0.32 $ move.
4- PH5.BE current resistance level is at 5.68 which is the 127.20 % fibonacci retracement of the last 0.32 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PROVIDENT FINANCIAL (PH5.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.770 and 5.170 that was broken down at 6.020 transforming into a resistance line.
PROVIDENT FINANCIAL (PH5.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.170 and 4.670 that was broken down at 5.740 transforming into a resistance line.
PROVIDENT FINANCIAL (PH5.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.720 $ height triangle which was broken up at 4.700, target of the pattern is 5.420.

Stock Trading Conclusion:
PROVIDENT FINANCIAL (PH5.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 : 5.68, 5.74, 5.77, 5.77, 5.81, 5.86, 5.89, 5.91, 5.93, 5.97, 6.01, 6.09, 6.62.
Stock Support levels : 5.57,.