Today we will analyze the stock PETROCHINA SP.ADR (PC6A.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in PETROCHINA SP.ADR (PC6A.DE)
1- Last bearish trend was from 114.50 $ (1/30/2012) to 107.00 $ (1/31/2012) a 7.50 $ move 2- The current bullish trend started from 107.00 $ at 1/31/2012 and is currently trading at 110.40 $.
3- PC6A.DE current support level is at 109.86 which is the 38.20 % fibonacci retracement of the last 7.50 $ move.
4- PC6A.DE current resistance level is at 110.75 which is the 50.00 % fibonacci retracement of the last 7.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
PETROCHINA SP.ADR (PC6A.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 107.000 and 106.100, and is currently supporting at 107.180.
PETROCHINA SP.ADR (PC6A.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 86.500 .
PETROCHINA SP.ADR (PC6A.DE) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 86.500 .
9- The Stock formed Double Top Pattern at 96.000 that failed, and formed a support .

Stock Trading Conclusion:
PETROCHINA SP.ADR (PC6A.DE) was trading in a strong bullish 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 : 110.75, 111.64, 114.50, 116.54, 119.14.
Stock Support levels : 109.86, 109.60, 109.10, 108.77, 108.70, 108.30, 107.18, 107.00, 96.00, 86.50,.