Today we will analyze the stock PX1/GLE WT-OE (8589S.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in PX1/GLE WT-OE (8589S.PA)
1- Last bullish trend was from 15.72 $ (10/21/2008) to 19.83 $ (10/27/2008) a 4.11 $ move 2- The current bearish trend started from 19.83 $ at 10/27/2008 and is currently trading at 15.76 $.
3- 8589S.PA current support level is at 15.72 which is the 100.00 % fibonacci retracement of the last 4.11 $ move.
4- 8589S.PA current resistance level is at 17.29 which is the 61.80 % fibonacci retracement of the last 4.11 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PX1/GLE WT-OE (8589S.PA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 15.720 and 14.920 that was broken down at 16.770 transforming into a resistance line.
PX1/GLE WT-OE (8589S.PA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 15.720 and 14.920 that was broken down at 16.770 transforming into a resistance line.
PX1/GLE WT-OE (8589S.PA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 15.720 and 14.920 that was broken down at 16.770 transforming into a resistance line.

Stock Trading Conclusion:
PX1/GLE WT-OE (8589S.PA) was trading in a bearish 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 : 16.72, 17.00, 17.29, 17.31, 17.77, 17.80, 18.26, 18.28, 18.86, 19.83,.
Stock Support levels : 15.72, 14.60,.