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 bullish trend was from 10.12 $ (8/26/2010) to 10.50 $ (8/27/2010) a 0.38 $ move 2- The current bearish trend started from 10.50 $ at 8/27/2010 and is currently trading at 10.28 $.
3- PCX current support level is at 10.27 which is the 61.80 % fibonacci retracement of the last 0.38 $ move.
4- PCX current resistance level is at 10.31 which is the 50.00 % fibonacci retracement of the last 0.38 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
PATRIOT COAL CORPORATION (PCX) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 10.500 and 11.940 that was broken up at 10.280 transforming into a supporting line.
PATRIOT COAL CORPORATION (PCX) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 11.940 and 12.840, and is currently resisting at 10.927.
PATRIOT COAL CORPORATION (PCX) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 13.670 and 16.980, and is currently resisting at 10.801.

Stock Trading Conclusion:
PATRIOT COAL CORPORATION (PCX) was trading in a strong bearish 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 : 10.31, 10.33, 10.35, 10.36, 10.39, 10.41, 10.42, 10.50, 10.80, 10.93.
Stock Support levels : 10.27, 10.12, 10.09, 10.02,.