Today we will analyze the stock PIER 1 IMPORTS INC (PJ1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PIER 1 IMPORTS INC (PJ1.BE)
1- Last bearish trend was from 6.74 $ (3/16/2011) to 6.45 $ (3/23/2011) a 0.29 $ move 2- The current bullish trend started from 6.45 $ at 3/23/2011 and is currently trading at 7.82 $.
3- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PIER 1 IMPORTS INC (PJ1.BE) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.550 $ height triangle which was broken up at 6.710, target of the pattern is 7.260.
PIER 1 IMPORTS INC (PJ1.BE) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 7.190 and 7.550 that was broken up at 6.710 transforming into a supporting line.
PIER 1 IMPORTS INC (PJ1.BE) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 7.190 and 7.550 that was broken up at 6.710 transforming into a supporting line.

Stock Trading Conclusion:
PIER 1 IMPORTS INC (PJ1.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : .
Stock Support levels : 7.50, 7.30, 7.14, 6.97, 6.45, 6.27, 6.15,.