Today we will analyze the stock PX1/GLE WT-OE (8588S.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in PX1/GLE WT-OE (8588S.PA)
1- Last bullish trend was from 1.50 $ (5/3/2013) to 1.58 $ (5/6/2013) a 0.08 $ move 2- The current bearish trend started from 1.58 $ at 5/6/2013 and is currently trading at 0.56 $.
3- According to ADX Indicator, the trend is currently strong bearish, 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.
PX1/GLE WT-OE (8588S.PA) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bearish stock channel identifed by support at 1.500 and 2.140,resistance between 1.580 and 2.220, the stock channel is currently supported from below by 0.433 and resisted from above by 0.727.
PX1/GLE WT-OE (8588S.PA) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 2.820 and 4.920 that was broken up at 1.580 transforming into a supporting line.
PX1/GLE WT-OE (8588S.PA) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.820 and 4.920 that was broken up at 1.580 transforming into a supporting line.

Stock Trading Conclusion:
PX1/GLE WT-OE (8588S.PA) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 0.801, 0.950, 1.070, 1.190, 1.580.
Stock Support levels : 0.120,.