Today we will analyze the stock PEREG UTD INDS (PERG.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in PEREG UTD INDS (PERG.TA)
1- Last bullish trend was from 21.00 $ (8/3/2010) to 24.40 $ (8/11/2010) a 3.40 $ move 2- The current bearish trend started from 24.40 $ at 8/11/2010 and is currently trading at 23.50 $.
3- PERG.TA current support level is at 23.10 which is the 38.20 % fibonacci retracement of the last 3.40 $ move.
4- PERG.TA current resistance level is at 23.60 which is the 23.60 % fibonacci retracement of the last 3.40 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
PEREG UTD INDS (PERG.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 24.400 and 27.000, and is currently resisting at 24.183.
PEREG UTD INDS (PERG.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 27.000 and 33.400 that was broken up at 23.500 transforming into a supporting line.
PEREG UTD INDS (PERG.TA) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 33.400 and 44.900, and is currently resisting at 28.471.

Stock Trading Conclusion:
PEREG UTD INDS (PERG.TA) was trading in a strong bearish 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 : 23.60, 23.71, 23.84, 23.95, 24.06, 24.18, 24.40, 28.47.
Stock Support levels : 23.10, 22.70, 22.30, 21.06, 21.00, 20.08,.