Patheon Inc (: PTI) (:PTI) Stock Research Trends Targets and Technical Analysis - [en]

Today we will analyze the stock Patni Computer Systems Limited (PTI) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Patni Computer Systems Limited (PTI)
1- Last bearish trend was from 20.78 $ (2/9/2010) to 19.99 $ (2/12/2010) a 0.79 $ move 2- The current bullish trend started from 19.99 $ at 2/12/2010 and is currently trading at 22.72 $. 3- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Patni Computer Systems Limited (PTI) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 19.990 and 18.990 that was broken down at 20.940 transforming into a resistance line.
Patni Computer Systems Limited (PTI) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 18.990 .
6- The Stock formed a 3.530 $ height triangle which was broken up at 20.780 in higher than usual volume, target of the pattern is 24.310.
Patni Computer Systems Limited (PTI) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Patni Computer Systems Limited (PTI) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 23.39, 24.31.
Stock Support levels : 22.08, 21.68, 21.35, 21.03, 19.99, 19.06, 19.00,.