Today we will analyze the stock PATRICK INDUSTR. (PK2.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PATRICK INDUSTR. (PK2.BE)
1- Last bullish trend was from 1.76 $ (4/4/2011) to 1.89 $ (4/6/2011) a 0.13 $ move 2- The current bearish trend started from 1.89 $ at 4/6/2011 and is currently trading at 1.77 $.
3- PK2.BE current support level is at 1.76 which is the 100.00 % fibonacci retracement of the last 0.13 $ move.
4- PK2.BE current resistance level is at 1.81 which is the 61.80 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PATRICK INDUSTR. (PK2.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.760 and 1.640 that was broken down at 1.860 transforming into a resistance line.
PATRICK INDUSTR. (PK2.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 1.420 .
PATRICK INDUSTR. (PK2.BE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 1.420 .
9- The Stock formed Double Top Pattern at 1.620 that failed, and formed a support .

Stock Trading Conclusion:
PATRICK INDUSTR. (PK2.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 : 1.80, 1.81, 1.82, 1.83, 1.83, 1.84, 1.84, 1.86, 1.89, 1.96.
Stock Support levels : 1.76, 1.72, 1.68, 1.62, 1.42,.