Today we will analyze the stock ENCANA (PCD1.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in ENCANA (PCD1.DE)
1- Last bearish trend was from 26.20 $ (3/29/2011) to 21.78 $ (4/28/2011) a 4.42 $ move 2- The current bullish trend started from 21.78 $ at 4/28/2011 and is currently trading at 23.40 $.
3- PCD1.DE current support level is at 22.82 which is the 23.60 % fibonacci retracement of the last 4.42 $ move.
4- PCD1.DE current resistance level is at 23.47 which is the 38.20 % fibonacci retracement of the last 4.42 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
ENCANA (PCD1.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 21.780 and 20.000, and is currently supporting at 21.832.
ENCANA (PCD1.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 10.000 $ height triangle.
ENCANA (PCD1.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 26.200 and 30.000, and is currently resisting at 26.008.

Stock Trading Conclusion:
ENCANA (PCD1.DE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 23.47, 23.99, 24.51, 26.01, 26.20, 27.40, 28.93.
Stock Support levels : 23.02, 22.82, 22.78, 22.59, 22.40, 21.83, 21.78,.