Today we will analyze the stock PARKER-HANNIFIN CO. (PAR.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in PARKER-HANNIFIN CO. (PAR.DE)
1- Last bullish trend was from 62.13 $ (1/24/2011) to 66.14 $ (2/28/2011) a 4.01 $ move 2- The current bearish trend started from 66.14 $ at 2/28/2011 and is currently trading at 60.27 $.
3- PAR.DE current support level is at 59.65 which is the 161.80 % fibonacci retracement of the last 4.01 $ move.
4- PAR.DE current resistance level is at 61.04 which is the 127.20 % fibonacci retracement of the last 4.01 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
PARKER-HANNIFIN CO. (PAR.DE) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 19.630 $ height triangle which was broken down at 60.500, target of the pattern is 40.870.
PARKER-HANNIFIN CO. (PAR.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 50.290 $ height triangle which was broken down at 60.500, target of the pattern is 10.210.
PARKER-HANNIFIN CO. (PAR.DE) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PARKER-HANNIFIN CO. (PAR.DE) was trading in a strong bullish 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 : 61.04, 61.66, 62.13, 62.51, 63.21, 63.66, 63.90, 64.14, 64.61, 65.19, 66.14, 67.40, 73.60.
Stock Support levels : 59.65, 40.87,.