Today we will analyze the stock PROLOGIS C PFD SBI (PLDGP.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in PROLOGIS C PFD SBI (PLDGP.PK)
1- Last bearish trend was from 58.50 $ (3/21/2012) to 55.73 $ (5/1/2012) a 2.77 $ move 2- The current bullish trend started from 55.73 $ at 5/1/2012 and is currently trading at 57.25 $.
3- PLDGP.PK current support level is at 57.11 which is the 50.00 % fibonacci retracement of the last 2.77 $ move.
4- PLDGP.PK current resistance level is at 57.44 which is the 61.80 % fibonacci retracement of the last 2.77 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
PROLOGIS C PFD SBI (PLDGP.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 55.730 and 52.830, and is currently supporting at 55.935.
PROLOGIS C PFD SBI (PLDGP.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 52.830 .
8- The Stock formed a 5.570 $ height triangle which was broken up at 53.500 in higher than usual volume, target of the pattern is 59.070.
PROLOGIS C PFD SBI (PLDGP.PK) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 52.830 and 50.180, and is currently supporting at 55.266.

Stock Trading Conclusion:
PROLOGIS C PFD SBI (PLDGP.PK) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 57.44, 58.50, 59.07, 59.25, 60.21.
Stock Support levels : 57.11, 56.89, 56.79, 56.67, 56.49, 56.38, 56.31, 55.93, 55.73, 55.27, 51.43, 51.09, 50.85,.