Today we will analyze the stock Pike River Coal Limited Ordinar (PRC.NZ) for internet stock trading in the NZ stock market,
Stock Technical indicators to notice in Pike River Coal Limited Ordinar (PRC.NZ)
1- Last bearish trend was from 0.88 $ (12/1/2010) to 0.20 $ (12/2/2010) a 0.68 $ move 2- The current bullish trend started from 0.20 $ at 12/2/2010 and is currently trading at 0.88 $.
3- PRC.NZ current support level is at 0.88 which is the 100.00 % fibonacci retracement of the last 0.68 $ move.
4- PRC.NZ current resistance level is at 1.06 which is the 127.20 % fibonacci retracement of the last 0.68 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Pike River Coal Limited Ordinar (PRC.NZ) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.880 .
Pike River Coal Limited Ordinar (PRC.NZ) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.880 .
Pike River Coal Limited Ordinar (PRC.NZ) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.880 .

Stock Trading Conclusion:
Pike River Coal Limited Ordinar (PRC.NZ) 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 : 1.065, 1.300.
Stock Support levels : 0.720, 0.620, 0.540, 0.540, 0.460, 0.360, 0.200,.