Today we will analyze the stock PHI SP.ADR NY REG (PHIA.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PHI SP.ADR NY REG (PHIA.BE)
1- Last bullish trend was from 21.30 $ (3/17/2011) to 22.50 $ (4/4/2011) a 1.20 $ move 2- The current bearish trend started from 22.50 $ at 4/4/2011 and is currently trading at 21.57 $.
3- PHIA.BE current support level is at 21.30 which is the 100.00 % fibonacci retracement of the last 1.20 $ move.
4- PHIA.BE current resistance level is at 21.76 which is the 61.80 % fibonacci retracement of the last 1.20 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PHI SP.ADR NY REG (PHIA.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 22.500 and 23.750, and is currently resisting at 22.153.
PHI SP.ADR NY REG (PHIA.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 4.220 $ height triangle which was broken down at 23.120, target of the pattern is 18.900.
PHI SP.ADR NY REG (PHIA.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PHI SP.ADR NY REG (PHIA.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 : 21.76, 21.79, 21.90, 21.93, 22.03, 22.04, 22.14, 22.15, 22.22, 22.50, 23.76, 23.77, 24.08.
Stock Support levels : 21.30, 20.97, 20.56,.