Today we will analyze the stock PHOTOCURE (PHO.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in PHOTOCURE (PHO.OL)
1- Last bearish trend was from 42.00 $ (4/11/2012) to 39.50 $ (5/2/2012) a 2.50 $ move 2- The current bullish trend started from 39.50 $ at 5/2/2012 and is currently trading at 42.00 $.
3- PHO.OL current support level is at 42.00 which is the 100.00 % fibonacci retracement of the last 2.50 $ move.
4- PHO.OL current resistance level is at 42.68 which is the 127.20 % fibonacci retracement of the last 2.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
PHOTOCURE (PHO.OL) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 42.000 and 45.500 that was broken up at 39.900 transforming into a supporting line.
PHOTOCURE (PHO.OL) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 39.500 and 38.700, and is currently supporting at 39.539.
PHOTOCURE (PHO.OL) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
PHOTOCURE (PHO.OL) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 42.68, 43.54.
Stock Support levels : 41.41, 41.04, 40.75, 40.46, 40.09, 39.54, 39.50,.