Stock Technical indicators to notice in PETAQUILLA COPPER (PH6.MU)
1- Last bullish trend was from 1.32 $ (10/29/2008) to 1.46 $ (11/5/2008) a 0.14 $ move 2- The current bearish trend started from 1.46 $ at 11/5/2008 and is currently trading at 1.37 $.
4- PH6.MU current resistance level is at 1.37 which is the 61.80 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PETAQUILLA COPPER (PH6.MU) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.320 and 1.290 that was broken down at 1.390 transforming into a resistance line.
PETAQUILLA COPPER (PH6.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.860 $ height triangle which was broken down at 1.400, target of the pattern is 0.540.
PETAQUILLA COPPER (PH6.MU) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 1.290 and 0.620,resistance between 1.480 and 0.710 which was broken down at 1.400.
Stock Trading Conclusion:
PETAQUILLA COPPER (PH6.MU) 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 : 1.37, 1.39, 1.39, 1.40, 1.40, 1.41, 1.42, 1.43, 1.43, 1.46, 1.59,.
Stock Support levels : 1.32, 1.28, 1.23,.
