Today we will analyze the stock PRIDE INTERNATIONAL (PII.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in PRIDE INTERNATIONAL (PII.F)
1- Last bullish trend was from 27.80 $ (5/5/2011) to 29.72 $ (5/23/2011) a 1.92 $ move 2- The current bearish trend started from 29.72 $ at 5/23/2011 and is currently trading at 28.15 $.
3- PII.F current support level is at 27.80 which is the 100.00 % fibonacci retracement of the last 1.92 $ move.
4- PII.F current resistance level is at 28.53 which is the 61.80 % fibonacci retracement of the last 1.92 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PRIDE INTERNATIONAL (PII.F) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 29.720 and 30.500, and is currently resisting at 29.590.
PRIDE INTERNATIONAL (PII.F) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 27.800 and 23.320 that was broken down at 28.800 transforming into a resistance line.
PRIDE INTERNATIONAL (PII.F) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 17.650 .

Stock Trading Conclusion:
PRIDE INTERNATIONAL (PII.F) was trading in a bearish 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 : 28.52, 28.53, 28.75, 28.76, 28.93, 28.99, 29.02, 29.12, 29.27, 29.59, 29.72,.
Stock Support levels : 27.80, 27.28, 26.61,.