Today we will analyze the stock PRIDE INTERNATIONAL (PII.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in PRIDE INTERNATIONAL (PII.MU)
1- Last bearish trend was from 30.74 $ (3/30/2011) to 28.11 $ (5/5/2011) a 2.63 $ move 2- The current bullish trend started from 28.11 $ at 5/5/2011 and is currently trading at 28.92 $.
3- PII.MU current support level is at 28.73 which is the 23.60 % fibonacci retracement of the last 2.63 $ move.
4- PII.MU current resistance level is at 29.11 which is the 38.20 % fibonacci retracement of the last 2.63 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PRIDE INTERNATIONAL (PII.MU) Short term stock chart patterns for internet stock trading :

None.
PRIDE INTERNATIONAL (PII.MU) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 24.010 and 18.200, and is currently supporting at 28.302.
PRIDE INTERNATIONAL (PII.MU) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 20.620 and 24.610 that was broken up at 18.570 transforming into a supporting line.

Stock Trading Conclusion:
PRIDE INTERNATIONAL (PII.MU) was trading in a bearish 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 : 29.11, 29.42, 29.74, 30.74, 31.46, 32.37.
Stock Support levels : 28.73, 28.73, 28.61, 28.51, 28.42, 28.30, 28.11,.