Today we will analyze the stock PHOENIX MECANO 2L (PME.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in PHOENIX MECANO 2L (PME.SW)
1- Last bearish trend was from 415.00 $ (9/18/2009) to 402.00 $ (9/28/2009) a 13.00 $ move 2- The current bullish trend started from 402.00 $ at 9/28/2009 and is currently trading at 422.00 $.
3- PME.SW current support level is at 418.54 which is the 127.20 % fibonacci retracement of the last 13.00 $ move.
4- PME.SW current resistance level is at 423.03 which is the 161.80 % fibonacci retracement of the last 13.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PHOENIX MECANO 2L (PME.SW) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 402.000 and 368.000,resistance between 415.000 and 381.000, the stock channel is currently supported from below by 408.182 and resisted from above by 432.000.
PHOENIX MECANO 2L (PME.SW) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 347.000 and 504.000 that was broken up at 343.000 transforming into a supporting line.
PHOENIX MECANO 2L (PME.SW) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PHOENIX MECANO 2L (PME.SW) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 423.03.
Stock Support levels : 418.54, 417.28, 415.00, 414.36, 412.00, 410.03, 409.64, 408.50, 406.97, 405.07, 402.00,.