Today we will analyze the stock PIRELLI and C.RNC (PIL1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PIRELLI and C.RNC (PIL1.BE)
1- Last bearish trend was from 0.43 $ (7/2/2010) to 0.40 $ (7/7/2010) a 0.03 $ move 2- The current bullish trend started from 0.40 $ at 7/7/2010 and is currently trading at 0.42 $.
3- PIL1.BE current support level is at 0.42 which is the 61.80 % fibonacci retracement of the last 0.03 $ move.
4- PIL1.BE current resistance level is at 0.43 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PIRELLI and C.RNC (PIL1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.430 .
PIRELLI and C.RNC (PIL1.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.430 and 0.500 that was broken up at 0.420 transforming into a supporting line.
PIRELLI and C.RNC (PIL1.BE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PIRELLI and C.RNC (PIL1.BE) was trading in a 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 : 0.430, 0.438, 0.449.
Stock Support levels : 0.419, 0.415, 0.415, 0.412, 0.411, 0.410, 0.408, 0.407, 0.400,.