Today we will analyze the stock PICK’N PAY STORES (PIK.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in PICK’N PAY STORES (PIK.DE)
1- Last bullish trend was from 2.19 $ (6/4/2010) to 4.98 $ (11/11/2010) a 2.79 $ move 2- The current bearish trend started from 4.98 $ at 11/11/2010 and is currently trading at 4.75 $.
3- PIK.DE current support level is at 4.32 which is the 23.60 % fibonacci retracement of the last 2.79 $ move.
4- PIK.DE current resistance level is at 4.98 which is the 0.00 % fibonacci retracement of the last 2.79 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PICK’N PAY STORES (PIK.DE) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.190 and 1.700, and is currently supporting at 2.449.
PICK’N PAY STORES (PIK.DE) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.190 and 1.700, and is currently supporting at 2.449.
PICK’N PAY STORES (PIK.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.190 and 1.700, and is currently supporting at 2.449.

Stock Trading Conclusion:
PICK’N PAY STORES (PIK.DE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 4.80, 4.84, 4.86, 4.89, 4.98,.
Stock Support levels : 4.32, 3.91, 3.59, 3.26, 2.45, 2.19, 1.43,.