Today we will analyze the stock BRITISH AIRWAYS ADR (BAIRY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in BRITISH AIRWAYS ADR (BAIRY.PK)
1- Last bullish trend was from 20.50 $ (12/20/2010) to 23.80 $ (1/18/2011) a 3.30 $ move 2- The current bearish trend started from 23.80 $ at 1/18/2011 and is currently trading at 22.90 $.
3- BAIRY.PK current support level is at 22.54 which is the 38.20 % fibonacci retracement of the last 3.30 $ move.
4- BAIRY.PK current resistance level is at 23.02 which is the 23.60 % fibonacci retracement of the last 3.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BRITISH AIRWAYS ADR (BAIRY.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 20.500 and 19.800, and is currently supporting at 21.650.
BRITISH AIRWAYS ADR (BAIRY.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 20.500 and 19.800, and is currently supporting at 21.650.
BRITISH AIRWAYS ADR (BAIRY.PK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 19.800 and 16.080,resistance between 23.320 and 18.730, the stock channel is currently supported from below by 21.951 and resisted from above by 27.075.

Stock Trading Conclusion:
BRITISH AIRWAYS ADR (BAIRY.PK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 23.02, 23.11, 23.24, 23.35, 23.46, 23.80,.
Stock Support levels : 22.54, 22.15, 21.76, 21.65, 20.50, 19.60,.