Today we will analyze the stock Patriot National Bancorp Inc. (PNBK) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Patriot National Bancorp Inc. (PNBK)
1- Last bullish trend was from 1.53 $ (5/3/2012) to 1.85 $ (5/7/2012) a 0.32 $ move 2- The current bearish trend started from 1.85 $ at 5/7/2012 and is currently trading at 1.65 $.
3- PNBK current support level is at 1.53 which is the 100.00 % fibonacci retracement of the last 0.32 $ move.
4- PNBK current resistance level is at 1.65 which is the 61.80 % fibonacci retracement of the last 0.32 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Patriot National Bancorp Inc. (PNBK) Short term stock chart patterns for internet stock trading :

None.
Patriot National Bancorp Inc. (PNBK) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.850 and 1.880, and is currently resisting at 1.845.
Patriot National Bancorp Inc. (PNBK) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.850 and 1.880, and is currently resisting at 1.845.

Stock Trading Conclusion:
Patriot National Bancorp Inc. (PNBK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 1.65, 1.69, 1.70, 1.73, 1.73, 1.75, 1.77, 1.77, 1.85, 1.85, 1.88.
Stock Support levels : 1.53, 1.44,.