Today we will analyze the stock PICK'N PAY HOLDINGS (PIC.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PICK'N PAY HOLDINGS (PIC.BE)
1- Last bullish trend was from 1.81 $ (3/17/2011) to 1.95 $ (3/31/2011) a 0.14 $ move 2- The current bearish trend started from 1.95 $ at 3/31/2011 and is currently trading at 1.84 $.
3- PIC.BE current support level is at 1.81 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
4- PIC.BE current resistance level is at 1.86 which is the 61.80 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PICK'N PAY HOLDINGS (PIC.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.950 and 1.990, and is currently resisting at 1.935.
PICK'N PAY HOLDINGS (PIC.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.480 $ height triangle which was broken down at 1.840, target of the pattern is 1.360.
PICK'N PAY HOLDINGS (PIC.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.680 $ height triangle which was broken down at 1.850, target of the pattern is 1.170.

Stock Trading Conclusion:
PICK'N PAY HOLDINGS (PIC.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 : 1.85, 1.86, 1.87, 1.87, 1.88, 1.88, 1.90, 1.90, 1.91, 1.92, 1.94, 1.95,.
Stock Support levels : 1.81, 1.77, 1.72, 1.36,.