Today we will analyze the stock PELIKAN HLDG (PEL.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in PELIKAN HLDG (PEL.SW)
1- Last bearish trend was from 25.00 $ (3/4/2014) to 23.15 $ (3/5/2014) a 1.85 $ move 2- The current bullish trend started from 23.15 $ at 3/5/2014 and is currently trading at 25.25 $.
3- PEL.SW current support level is at 25.00 which is the 100.00 % fibonacci retracement of the last 1.85 $ move.
4- PEL.SW current resistance level is at 25.50 which is the 127.20 % fibonacci retracement of the last 1.85 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PELIKAN HLDG (PEL.SW) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 25.000 and 26.400 that was broken up at 25.300 transforming into a supporting line.
PELIKAN HLDG (PEL.SW) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 26.400 .
PELIKAN HLDG (PEL.SW) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 26.400 .

Stock Trading Conclusion:
PELIKAN HLDG (PEL.SW) 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 : 25.50, 26.10, 26.14.
Stock Support levels : 25.00, 24.75, 24.45, 24.29, 24.20, 24.08, 23.95, 23.88, 23.86, 23.59, 23.35, 23.15,.