Today we will analyze the stock PETRO GEO ADR NEW (PGSVY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in PETRO GEO ADR NEW (PGSVY.PK)
1- Last bullish trend was from 13.11 $ (4/13/2012) to 15.09 $ (5/1/2012) a 1.98 $ move 2- The current bearish trend started from 15.09 $ at 5/1/2012 and is currently trading at 12.73 $.
3- PGSVY.PK current support level is at 12.57 which is the 127.20 % fibonacci retracement of the last 1.98 $ move.
4- PGSVY.PK current resistance level is at 13.11 which is the 100.00 % fibonacci retracement of the last 1.98 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PETRO GEO ADR NEW (PGSVY.PK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 13.110 and 12.810,resistance between 15.090 and 13.610 which was broken down at 14.400.
PETRO GEO ADR NEW (PGSVY.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 15.090 .
PETRO GEO ADR NEW (PGSVY.PK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 15.090 .

Stock Trading Conclusion:
PETRO GEO ADR NEW (PGSVY.PK) 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 : 13.11, 13.29, 13.63, 13.87, 13.91, 14.10, 14.19, 14.33, 14.62, 14.91, 15.09, 15.10,.
Stock Support levels : 12.57,.