Today we will analyze the stock SONOVA HLDG N (PHBN.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in SONOVA HLDG N (PHBN.BE)
1- Last bullish trend was from 63.95 $ (3/30/2011) to 68.80 $ (4/6/2011) a 4.85 $ move 2- The current bearish trend started from 68.80 $ at 4/6/2011 and is currently trading at 66.09 $.
3- PHBN.BE current support level is at 65.80 which is the 61.80 % fibonacci retracement of the last 4.85 $ move.
4- PHBN.BE current resistance level is at 66.38 which is the 50.00 % fibonacci retracement of the last 4.85 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SONOVA HLDG N (PHBN.BE) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 63.950 and 65.700,resistance between 68.800 and 71.270, the stock channel is currently supported from below by 61.150 and resisted from above by 67.741.
SONOVA HLDG N (PHBN.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 71.270 and 98.190 that was broken up at 66.390 transforming into a supporting line.
SONOVA HLDG N (PHBN.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 17.300 $ height triangle which was broken down at 91.390, target of the pattern is 74.090.

Stock Trading Conclusion:
SONOVA HLDG N (PHBN.BE) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 66.38, 66.73, 66.95, 67.13, 67.44, 67.66, 67.76, 68.80, 71.27, 96.07.
Stock Support levels : 65.80, 63.95, 62.63, 60.95,.