Today we will analyze the stock PANNONPLAST (PPL1.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in PANNONPLAST (PPL1.MU)
1- Last bullish trend was from 5.87 $ (10/17/2007) to 6.45 $ (11/1/2007) a 0.58 $ move 2- The current bearish trend started from 6.45 $ at 11/1/2007 and is currently trading at 5.93 $.
3- PPL1.MU current support level is at 5.87 which is the 100.00 % fibonacci retracement of the last 0.58 $ move.
4- PPL1.MU current resistance level is at 6.09 which is the 61.80 % fibonacci retracement of the last 0.58 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PANNONPLAST (PPL1.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.440 $ height triangle which was broken up at 5.960, target of the pattern is 8.400 which was broken down at 6.200 in higher than usual volume, target of the pattern is 3.760.
PANNONPLAST (PPL1.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 2.580 $ height triangle which was broken up at 5.960, target of the pattern is 8.540 which was broken down at 6.200 in higher than usual volume, target of the pattern is 3.620.
PANNONPLAST (PPL1.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 5.870 and 4.820 that was broken down at 6.200 transforming into a resistance line.

Stock Trading Conclusion:
PANNONPLAST (PPL1.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 : 6.05, 6.09, 6.13, 6.16, 6.19, 6.23, 6.25, 6.31, 6.40, 6.45, 6.46, 8.40, 8.54.
Stock Support levels : 5.89, 5.87, 5.71, 5.51, 3.76,.