Today we will analyze the stock PETROLIA DRILLING (PDR.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in PETROLIA DRILLING (PDR.OL)
1- Last bullish trend was from 0.53 $ (1/24/2012) to 0.75 $ (1/31/2012) a 0.22 $ move 2- The current bearish trend started from 0.75 $ at 1/31/2012 and is currently trading at 0.71 $.
3- PDR.OL current support level is at 0.70 which is the 23.60 % fibonacci retracement of the last 0.22 $ move.
4- PDR.OL current resistance level is at 0.75 which is the 0.00 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
PETROLIA DRILLING (PDR.OL) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.530 and 0.520, and is currently supporting at 0.547.
PETROLIA DRILLING (PDR.OL) Mid term stock chart patterns for internet stock trading :

None.
PETROLIA DRILLING (PDR.OL) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PETROLIA DRILLING (PDR.OL) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.719, 0.725, 0.730, 0.735, 0.750,.
Stock Support levels : 0.698, 0.666, 0.640, 0.614, 0.547, 0.530, 0.470,.