Today we will analyze the stock PICK’N PAY STORES (PIK.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in PICK’N PAY STORES (PIK.F)
1- Last bearish trend was from 4.23 $ (3/28/2012) to 3.97 $ (4/16/2012) a 0.26 $ move 2- The current bullish trend started from 3.97 $ at 4/16/2012 and is currently trading at 4.39 $.
3- PIK.F current support level is at 4.30 which is the 127.20 % fibonacci retracement of the last 0.26 $ move.
4- PIK.F current resistance level is at 4.39 which is the 161.80 % fibonacci retracement of the last 0.26 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PICK’N PAY STORES (PIK.F) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 3.970 and 4.070,resistance between 4.230 and 4.280 which was broken up at 4.240.
PICK’N PAY STORES (PIK.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 4.600 .
PICK’N PAY STORES (PIK.F) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.790 $ height triangle.

Stock Trading Conclusion:
PICK’N PAY STORES (PIK.F) was trading in a bullish wave, which is becoming stronger .
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 : 4.39, 4.51.
Stock Support levels : 4.30, 4.29, 4.23, 4.23, 4.18, 4.13, 4.13, 4.10, 4.07, 4.05, 4.03, 3.97,.