Today we will analyze the stock PRIDE INTERNATIONAL (PII.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PRIDE INTERNATIONAL (PII.BE)
1- Last bullish trend was from 29.12 $ (3/21/2011) to 30.47 $ (4/5/2011) a 1.35 $ move 2- The current bearish trend started from 30.47 $ at 4/5/2011 and is currently trading at 29.36 $.
3- PII.BE current support level is at 29.12 which is the 100.00 % fibonacci retracement of the last 1.35 $ move.
4- PII.BE current resistance level is at 29.64 which is the 61.80 % fibonacci retracement of the last 1.35 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PRIDE INTERNATIONAL (PII.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 30.470 .
7- The Stock formed a 1.880 $ height triangle which was broken down at 29.330, target of the pattern is 27.450.
PRIDE INTERNATIONAL (PII.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 23.450 and 21.250, and is currently supporting at 25.108.
PRIDE INTERNATIONAL (PII.BE) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 17.760 .

Stock Trading Conclusion:
PRIDE INTERNATIONAL (PII.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 : 29.62, 29.64, 29.69, 29.78, 29.80, 29.92, 29.95, 30.05, 30.15, 30.47, 30.50.
Stock Support levels : 29.12, 28.75, 28.29, 27.45, 25.11,.