Today we will analyze the stock PICK'N PAY STORES (PIK.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PICK'N PAY STORES (PIK.BE)
1- Last bullish trend was from 4.45 $ (3/22/2011) to 4.94 $ (3/31/2011) a 0.49 $ move 2- The current bearish trend started from 4.94 $ at 3/31/2011 and is currently trading at 4.51 $.
3- PIK.BE current support level is at 4.45 which is the 100.00 % fibonacci retracement of the last 0.49 $ move.
4- PIK.BE current resistance level is at 4.64 which is the 61.80 % fibonacci retracement of the last 0.49 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PICK'N PAY STORES (PIK.BE) Short term stock chart patterns for internet stock trading :

None.
PICK'N PAY STORES (PIK.BE) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 4.450 and 4.180 that was broken down at 4.520 transforming into a resistance line.
PICK'N PAY STORES (PIK.BE) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.180 and 3.990, and is currently supporting at 4.298.

Stock Trading Conclusion:
PICK'N PAY STORES (PIK.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 : 4.57, 4.61, 4.64, 4.67, 4.69, 4.73, 4.75, 4.78, 4.82, 4.94,.
Stock Support levels : 4.45, 4.32, 4.30,.