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 89.12 $ (8/23/2010) to 80.00 $ (8/26/2010) a 9.12 $ move 2- The current bullish trend started from 80.00 $ at 8/26/2010 and is currently trading at 89.12 $.
3- PC6A.DE current support level is at 89.12 which is the 100.00 % fibonacci retracement of the last 9.12 $ move.
4- PC6A.DE current resistance level is at 91.60 which is the 127.20 % fibonacci retracement of the last 9.12 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PETROCHINA SP.ADR (PC6A.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 89.120 and 100.000 that was broken up at 89.120 transforming into a supporting line.
PETROCHINA SP.ADR (PC6A.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 100.000 .
PETROCHINA SP.ADR (PC6A.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 100.000 and 104.400, and is currently resisting at 98.271.

Stock Trading Conclusion:
PETROCHINA SP.ADR (PC6A.DE) was trading in a 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 : 91.60, 94.76, 98.27, 100.00,.
Stock Support levels : 86.97, 85.64, 84.56, 83.48, 82.15, 80.00,.