Stock Technical indicators to notice in PANAUST (PB4.DE)
1- Last bullish trend was from 0.34 $ (12/10/2010) to 14.00 $ (5/12/2011) a 13.66 $ move 2- The current bearish trend started from 14.00 $ at 5/12/2011 and is currently trading at 2.80 $.
4- PB4.DE current resistance level is at 5.56 which is the 61.80 % fibonacci retracement of the last 13.66 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
PANAUST (PB4.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.340 .
PANAUST (PB4.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.340 .
PANAUST (PB4.DE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.340 .
Stock Trading Conclusion:
PANAUST (PB4.DE) was trading in a strong bearish wave, which is becoming weaker .
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 : 5.44, 5.56, 7.08, 7.17, 8.40, 8.78, 9.72, 10.78, 14.00,.
Stock Support levels : 0.34, 0.34, -3.38,.