Today we will analyze the stock PATRIOT COAL CORPORATION (PCX) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in PATRIOT COAL CORPORATION (PCX)
1- Last bearish trend was from 8.54 $ (1/27/2012) to 7.60 $ (1/31/2012) a 0.94 $ move 2- The current bullish trend started from 7.60 $ at 1/31/2012 and is currently trading at 9.03 $.
3- PCX current support level is at 8.80 which is the 127.20 % fibonacci retracement of the last 0.94 $ move.
4- PCX current resistance level is at 9.12 which is the 161.80 % fibonacci retracement of the last 0.94 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PATRIOT COAL CORPORATION (PCX) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 8.540 that failed, and formed a support .
PATRIOT COAL CORPORATION (PCX) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.730 $ height triangle which was broken up at 8.550 in higher than usual volume, target of the pattern is 10.280.
PATRIOT COAL CORPORATION (PCX) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.870 $ height triangle which was broken up at 8.550 in higher than usual volume, target of the pattern is 10.420.

Stock Trading Conclusion:
PATRIOT COAL CORPORATION (PCX) 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 : 9.12, 10.28, 10.42.
Stock Support levels : 8.80, 8.69, 8.59, 8.54, 8.48, 8.32, 8.31, 8.29, 8.20, 8.18, 8.15, 8.07, 7.96, 7.82, 7.60,.