Today we will analyze the stock SPAG ST. PET KONV. (PIB3.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in SPAG ST. PET KONV. (PIB3.BE)
1- Last bearish trend was from 5.40 $ (12/9/2010) to 5.00 $ (1/5/2011) a 0.40 $ move 2- The current bullish trend started from 5.00 $ at 1/5/2011 and is currently trading at 5.20 $.
3- PIB3.BE current support level is at 5.20 which is the 50.00 % fibonacci retracement of the last 0.40 $ move.
4- PIB3.BE current resistance level is at 5.25 which is the 61.80 % fibonacci retracement of the last 0.40 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SPAG ST. PET KONV. (PIB3.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.400 and 7.000 that was broken up at 5.200 transforming into a supporting line.
SPAG ST. PET KONV. (PIB3.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.490 and 3.480 that was broken down at 6.200 transforming into a resistance line.
SPAG ST. PET KONV. (PIB3.BE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 5.490 and 3.480 that was broken down at 6.200 transforming into a resistance line.

Stock Trading Conclusion:
SPAG ST. PET KONV. (PIB3.BE) was trading in a bearish wave, which is becoming weaker .
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 : 5.25, 5.40, 5.51, 5.65, 10.21,.
Stock Support levels : 5.15, 5.12, 5.10, 5.09, 5.08, 5.00,.