Today we will analyze the stock Petroleo Brasileiro S.a.- Petrobras (PBR) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Petroleo Brasileiro S.a.- Petrobras (PBR)
1- Last bullish trend was from 24.49 $ (12/28/2011) to 31.81 $ (1/25/2012) a 7.32 $ move 2- The current bearish trend started from 31.81 $ at 1/25/2012 and is currently trading at 31.21 $.
3- PBR current support level is at 30.08 which is the 23.60 % fibonacci retracement of the last 7.32 $ move.
4- PBR current resistance level is at 31.81 which is the 0.00 % fibonacci retracement of the last 7.32 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Petroleo Brasileiro S.a.- Petrobras (PBR) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 24.490 and 24.030, and is currently supporting at 26.407.
Petroleo Brasileiro S.a.- Petrobras (PBR) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 28.270 and 28.440 that was broken up at 28.210 transforming into a supporting line.
Petroleo Brasileiro S.a.- Petrobras (PBR) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 28.270 and 28.440 that was broken up at 28.210 transforming into a supporting line.

Stock Trading Conclusion:
Petroleo Brasileiro S.a.- Petrobras (PBR) was trading in a strong bullish wave, which is becoming stronger .
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 : 31.35, 31.44, 31.51, 31.58, 31.81,.
Stock Support levels : 30.08, 29.01, 28.15, 27.88, 27.29, 26.41, 24.49, 22.50,.