Today we will analyze the stock CIPHER PHARM (PHE.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in CIPHER PHARM (PHE.BE)
1- Last bullish trend was from 0.71 $ (3/16/2011) to 0.74 $ (3/17/2011) a 0.03 $ move 2- The current bearish trend started from 0.74 $ at 3/17/2011 and is currently trading at 0.65 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CIPHER PHARM (PHE.BE) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 0.740 and 0.820 that was broken up at 0.730 transforming into a supporting line.
CIPHER PHARM (PHE.BE) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 0.130 $ height triangle which was broken down at 0.710, target of the pattern is 0.580.
CIPHER PHARM (PHE.BE) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 0.130 $ height triangle which was broken down at 0.710, target of the pattern is 0.580.

Stock Trading Conclusion:
CIPHER PHARM (PHE.BE) was trading in a bearish 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 : 0.671, 0.684, 0.695, 0.706, 0.740, 0.803,.
Stock Support levels : 0.580,.