PATRIOT COAL CORPORATION (NYSE: PCX) (NYSE:PCX) Stock Research Trends Targets and Technical Analysis - NYSE New york stock exchange [en]

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 19.10 $ (3/4/2010) to 21.67 $ (3/5/2010) a 2.57 $ move 2- The current bearish trend started from 21.67 $ at 3/5/2010 and is currently trading at 19.78 $. 3- PCX current support level is at 19.10 which is the 100.00 % fibonacci retracement of the last 2.57 $ move.
4- PCX current resistance level is at 20.08 which is the 61.80 % fibonacci retracement of the last 2.57 $ 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 traded in a bullish stock channel identifed by support at 19.100 and 15.530,resistance between 21.670 and 20.020 which was broken down at 20.360.
PATRIOT COAL CORPORATION (PCX) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 15.530 and 14.280, and is currently supporting at 17.030.
PATRIOT COAL CORPORATION (PCX) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 15.530 and 14.280, and is currently supporting at 17.030.

Stock Trading Conclusion:
PATRIOT COAL CORPORATION (PCX) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 20.08, 20.23, 20.39, 20.50, 20.69, 20.73, 20.95, 21.06, 21.65, 21.67,.
Stock Support levels : 19.10, 18.40, 17.51, 17.03,.