Stock Technical indicators to notice in PIONEER (PIO.F)
1- Last bullish trend was from 3.63 $ (4/13/2012) to 3.78 $ (4/30/2012) a 0.15 $ move 2- The current bearish trend started from 3.78 $ at 4/30/2012 and is currently trading at 3.52 $.
PIONEER (PIO.F) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.360 $ height triangle which was broken down at 3.630, target of the pattern is 3.270.
PIONEER (PIO.F) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Top Pattern at 3.840 .
PIONEER (PIO.F) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.480 and 2.720 that was broken down at 3.630 transforming into a resistance line.
Stock Trading Conclusion:
PIONEER (PIO.F) was trading in a bearish 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 : 3.58, 3.62, 3.65, 3.68, 3.69, 3.78, 3.82, 3.84, 3.86, 3.87.
Stock Support levels : 3.27.
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