Today we will analyze the stock PETER HAMBRO MINING (PHZ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETER HAMBRO MINING (PHZ.BE)
1- Last bearish trend was from 12.43 $ (3/4/2011) to 10.73 $ (3/17/2011) a 1.70 $ move 2- The current bullish trend started from 10.73 $ at 3/17/2011 and is currently trading at 11.10 $.
3- PHZ.BE current support level is at 10.73 which is the 0.00 % fibonacci retracement of the last 1.70 $ move.
4- PHZ.BE current resistance level is at 11.13 which is the 23.60 % fibonacci retracement of the last 1.70 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PETER HAMBRO MINING (PHZ.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 12.430 .
PETER HAMBRO MINING (PHZ.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 11.290 that failed and formed a resistance.
8- The Stock was resisted by a resistance line, identified by two points: 12.450 and 13.340 that was broken up at 11.100 transforming into a supporting line.
PETER HAMBRO MINING (PHZ.BE) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 2.990 $ height triangle which was broken up at 11.100, target of the pattern is 14.090 which was broken down at 12.120, target of the pattern is 9.130.

Stock Trading Conclusion:
PETER HAMBRO MINING (PHZ.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 : 11.13, 11.20, 11.38, 11.58, 11.78, 12.41, 12.42, 12.43, 12.89, 13.48, 14.09.
Stock Support levels : 11.01, 10.96, 10.91, 10.87, 10.73, 10.67,.