Today we will analyze the stock PHOENIX MECANO (PM.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in PHOENIX MECANO (PM.SW)
1- Last bearish trend was from 573.00 $ (4/12/2012) to 539.00 $ (4/19/2012) a 34.00 $ move 2- The current bullish trend started from 539.00 $ at 4/19/2012 and is currently trading at 560.00 $.
3- PM.SW current support level is at 556.00 which is the 50.00 % fibonacci retracement of the last 34.00 $ move.
4- PM.SW current resistance level is at 560.01 which is the 61.80 % fibonacci retracement of the last 34.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PHOENIX MECANO (PM.SW) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 573.000 .
7- The Stock formed a 44.000 $ height triangle.
PHOENIX MECANO (PM.SW) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 531.500 and 461.500 that was broken down at 550.000 transforming into a resistance line.
PHOENIX MECANO (PM.SW) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 88.000 $ height triangle which was broken up at 453.750 in higher than usual volume, target of the pattern is 541.750.

Stock Trading Conclusion:
PHOENIX MECANO (PM.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 : 560.01, 564.66, 572.09, 572.66, 573.00, 582.25, 594.01.
Stock Support levels : 556.00, 555.04, 551.99, 551.98, 549.50, 547.02, 547.02, 539.00,.