Today we will analyze the stock BABCOCK and BROWN (PIG.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in BABCOCK and BROWN (PIG.BE)
1- Last bullish trend was from 2.69 $ (10/4/2010) to 3.35 $ (11/9/2010) a 0.66 $ move 2- The current bearish trend started from 3.35 $ at 11/9/2010 and is currently trading at 3.24 $.
3- PIG.BE current support level is at 3.19 which is the 23.60 % fibonacci retracement of the last 0.66 $ move.
4- PIG.BE current resistance level is at 3.35 which is the 0.00 % fibonacci retracement of the last 0.66 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
BABCOCK and BROWN (PIG.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.690 and 1.950 that was broken down at 3.220 transforming into a resistance line.
BABCOCK and BROWN (PIG.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.430 $ height triangle which was broken up at 2.050, target of the pattern is 2.480 which was broken down at 2.580, target of the pattern is 2.150.
BABCOCK and BROWN (PIG.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
BABCOCK and BROWN (PIG.BE) was trading in a strong bullish 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 : 3.27, 3.28, 3.30, 3.31, 3.35, 3.35, 3.99.
Stock Support levels : 3.19, 3.10, 3.02, 2.94, 2.69, 2.51, 2.28, 2.15,.