Today we will analyze the stock PIPER JAFFRAY (PJR.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PIPER JAFFRAY (PJR.BE)
1- Last bullish trend was from 27.59 $ (3/25/2011) to 29.34 $ (4/4/2011) a 1.75 $ move 2- The current bearish trend started from 29.34 $ at 4/4/2011 and is currently trading at 27.20 $.
3- PJR.BE current support level is at 27.11 which is the 127.20 % fibonacci retracement of the last 1.75 $ move.
4- PJR.BE current resistance level is at 27.59 which is the 100.00 % fibonacci retracement of the last 1.75 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PIPER JAFFRAY (PJR.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 27.590 that failed and formed a resistance.
PIPER JAFFRAY (PJR.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 29.340 and 30.720, and is currently resisting at 28.957.
PIPER JAFFRAY (PJR.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 11.370 $ height triangle which was broken down at 28.560, target of the pattern is 17.190.

Stock Trading Conclusion:
PIPER JAFFRAY (PJR.BE) was trading in a bearish wave, which is becoming stronger .
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 : 27.50, 27.59, 27.71, 28.02, 28.26, 28.27, 28.47, 28.52, 28.67, 28.93, 28.96, 29.34, 30.63.
Stock Support levels : 27.11, 26.51,.