Today we will analyze the stock PMI GROUP (PI5.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PMI GROUP (PI5.BE)
1- Last bullish trend was from 1.80 $ (3/25/2011) to 1.96 $ (3/28/2011) a 0.16 $ move 2- The current bearish trend started from 1.96 $ at 3/28/2011 and is currently trading at 1.74 $.
3- PI5.BE current support level is at 1.70 which is the 161.80 % fibonacci retracement of the last 0.16 $ move.
4- PI5.BE current resistance level is at 1.76 which is the 127.20 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
PMI GROUP (PI5.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.960 and 2.100, and is currently resisting at 1.860.
PMI GROUP (PI5.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.960 and 2.380, and is currently resisting at 1.810.
PMI GROUP (PI5.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.380 and 2.950 that was broken up at 1.850 transforming into a supporting line.

Stock Trading Conclusion:
PMI GROUP (PI5.BE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 1.76, 1.79, 1.80, 1.81, 1.82, 1.85, 1.86, 1.86, 1.88, 1.88, 1.90, 1.92, 1.96,.
Stock Support levels : 1.70,.