Today we will analyze the stock PANNERGY NYRT. (PPL.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in PANNERGY NYRT. (PPL.MU)
1- Last bearish trend was from 2.36 $ (3/1/2012) to 2.12 $ (3/30/2012) a 0.24 $ move 2- The current bullish trend started from 2.12 $ at 3/30/2012 and is currently trading at 2.18 $.
3- PPL.MU current support level is at 2.18 which is the 23.60 % fibonacci retracement of the last 0.24 $ move.
4- PPL.MU current resistance level is at 2.21 which is the 38.20 % fibonacci retracement of the last 0.24 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PANNERGY NYRT. (PPL.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 2.360 .
PANNERGY NYRT. (PPL.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.410 and 3.570 that was broken up at 2.140 transforming into a supporting line.
PANNERGY NYRT. (PPL.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.410 and 3.570 that was broken up at 2.140 transforming into a supporting line.

Stock Trading Conclusion:
PANNERGY NYRT. (PPL.MU) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.21, 2.24, 2.27, 2.36, 2.38, 2.39, 2.40, 2.43, 2.51.
Stock Support levels : 2.18, 2.17, 2.16, 2.15, 2.14, 2.12, 2.06,.