Today we will analyze the stock PETROTEC (PT8.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in PETROTEC (PT8.MU)
1- Last bullish trend was from 0.94 $ (2/3/2012) to 0.97 $ (2/7/2012) a 0.03 $ move 2- The current bearish trend started from 0.97 $ at 2/7/2012 and is currently trading at 0.96 $.
3- PT8.MU current support level is at 0.96 which is the 38.20 % fibonacci retracement of the last 0.03 $ move.
4- PT8.MU current resistance level is at 0.96 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PETROTEC (PT8.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.070 $ height triangle which was broken up at 0.960, target of the pattern is 1.030.
PETROTEC (PT8.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.170 $ height triangle which was broken up at 0.960, target of the pattern is 1.130.
PETROTEC (PT8.MU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.300 $ height triangle which was broken up at 0.960, target of the pattern is 1.260 which was broken down at 0.980, target of the pattern is 0.680.

Stock Trading Conclusion:
PETROTEC (PT8.MU) was trading in a bullish 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 : 0.962, 0.963, 0.964, 0.965, 0.966, 0.970, 1.030, 1.130, 1.235, 1.260.
Stock Support levels : 0.959, 0.955, 0.951, 0.940, 0.940, 0.932, 0.921,.