Today we will analyze the stock Praxair (PX) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Praxair (PX)
1- Last bullish trend was from 109.65 $ (4/10/2012) to 116.47 $ (4/27/2012) a 6.82 $ move 2- The current bearish trend started from 116.47 $ at 4/27/2012 and is currently trading at 112.27 $.
3- PX current support level is at 112.26 which is the 61.80 % fibonacci retracement of the last 6.82 $ move.
4- PX current resistance level is at 113.06 which is the 50.00 % fibonacci retracement of the last 6.82 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Praxair (PX) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 109.650 and 105.160,resistance between 116.470 and 115.040, the stock channel is currently supported from below by 111.700 and resisted from above by 117.106.
Praxair (PX) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 92.580 and 90.830, and is currently supporting at 97.784.
Praxair (PX) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 92.580 and 90.830, and is currently supporting at 97.784.

Stock Trading Conclusion:
Praxair (PX) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 113.06, 113.26, 113.86, 113.87, 114.37, 114.86, 114.87, 116.47,.
Stock Support levels : 112.26, 109.65, 107.79, 105.44, 97.78,.