Today we will analyze the stock PTBRA ENG PAR ADR-B (PTP.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in PTBRA ENG PAR ADR-B (PTP.SG)
1- Last bullish trend was from 4.32 $ (9/25/2009) to 4.48 $ (9/28/2009) a 0.16 $ move 2- The current bearish trend started from 4.48 $ at 9/28/2009 and is currently trading at 4.32 $.
3- PTP.SG current support level is at 4.28 which is the 127.20 % fibonacci retracement of the last 0.16 $ move.
4- PTP.SG current resistance level is at 4.32 which is the 100.00 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PTBRA ENG PAR ADR-B (PTP.SG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 4.320 .
7- The Stock formed a 0.260 $ height triangle which was broken down at 4.320, target of the pattern is 4.060.
PTBRA ENG PAR ADR-B (PTP.SG) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 4.300 and 4.450,resistance between 4.790 and 4.960, the stock channel is currently supported from below by 4.263 and resisted from above by 4.739.
PTBRA ENG PAR ADR-B (PTP.SG) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 3.920 and 3.840,resistance between 4.960 and 4.310 which was broken down at 4.570 in higher than usual volume.

Stock Trading Conclusion:
PTBRA ENG PAR ADR-B (PTP.SG) 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 : 4.33, 4.36, 4.38, 4.40, 4.42, 4.44, 4.48, 5.23.
Stock Support levels : 4.28, 4.22,.