Today we will analyze the stock PX1/GLE WT-OE (8587S.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in PX1/GLE WT-OE (8587S.PA)
1- Last bullish trend was from 8.86 $ (7/20/2012) to 10.61 $ (7/25/2012) a 1.75 $ move 2- The current bearish trend started from 10.61 $ at 7/25/2012 and is currently trading at 8.30 $.
3- 8587S.PA current support level is at 7.78 which is the 161.80 % fibonacci retracement of the last 1.75 $ move.
4- 8587S.PA current resistance level is at 8.38 which is the 127.20 % fibonacci retracement of the last 1.75 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PX1/GLE WT-OE (8587S.PA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.860 and 8.780 that was broken down at 8.180 transforming into a resistance line.
PX1/GLE WT-OE (8587S.PA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.860 and 8.780 that was broken down at 8.180 transforming into a resistance line.
PX1/GLE WT-OE (8587S.PA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 8.860 and 8.780 that was broken down at 8.180 transforming into a resistance line.

Stock Trading Conclusion:
PX1/GLE WT-OE (8587S.PA) was trading in a bearish wave, which is becoming stronger .
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 : 8.38, 8.85, 8.86, 8.91, 9.18, 9.45, 9.53, 9.73, 9.73, 9.94, 10.20, 10.61,.
Stock Support levels : 7.78.