Petrobras Energia Participaciones Sa (NYSE: PZE) (NYSE:PZE) Stock Research Trends Targets and Technical Analysis - NYSE New york stock exchange [en]

Today we will analyze the stock Petrobras Energia Participaciones Sa (PZE) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Petrobras Energia Participaciones Sa (PZE)
1- Last bearish trend was from 17.40 $ (2/11/2010) to 16.12 $ (3/1/2010) a 1.28 $ move 2- The current bullish trend started from 16.12 $ at 3/1/2010 and is currently trading at 16.44 $. 3- PZE current support level is at 16.42 which is the 23.60 % fibonacci retracement of the last 1.28 $ move.
4- PZE current resistance level is at 16.61 which is the 38.20 % fibonacci retracement of the last 1.28 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Petrobras Energia Participaciones Sa (PZE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 17.400 .
7- The Stock formed a 1.780 $ height triangle.
Petrobras Energia Participaciones Sa (PZE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 17.400 .
Petrobras Energia Participaciones Sa (PZE) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 15.540 and 6.140 that was broken down at 16.010 transforming into a resistance line.

Stock Trading Conclusion:
Petrobras Energia Participaciones Sa (PZE) 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 : 16.61, 16.76, 16.91, 17.40, 17.42, 17.43, 17.75, 18.19, 24.45.
Stock Support levels : 16.42, 16.36, 16.32, 16.28, 16.24, 16.12,.