Today we will analyze the stock PETROCHINA -H- (PC6.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in PETROCHINA -H- (PC6.DE)
1- Last bullish trend was from 1.08 $ (4/23/2012) to 1.15 $ (4/30/2012) a 0.07 $ move 2- The current bearish trend started from 1.15 $ at 4/30/2012 and is currently trading at 1.11 $.
3- PC6.DE current support level is at 1.11 which is the 61.80 % fibonacci retracement of the last 0.07 $ move.
4- PC6.DE current resistance level is at 1.12 which is the 50.00 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PETROCHINA -H- (PC6.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.080 and 1.050 that was broken down at 1.120 transforming into a resistance line.
PETROCHINA -H- (PC6.DE) Mid term stock chart patterns for internet stock trading :

None.
PETROCHINA -H- (PC6.DE) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 1.020 and 0.880,resistance between 1.170 and 0.990, the stock channel is currently supported from below by 1.061 and resisted from above by 1.244.

Stock Trading Conclusion:
PETROCHINA -H- (PC6.DE) 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 : 1.12, 1.12, 1.12, 1.13, 1.13, 1.13, 1.13, 1.15, 1.15,.
Stock Support levels : 1.11, 1.08, 1.06,.