Today we will analyze the stock PHOENIX COAL INC (THE CO.) (PHC.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in PHOENIX COAL INC (THE CO.) (PHC.TO)
1- Last bullish trend was from 0.45 $ (4/30/2010) to 0.47 $ (5/3/2010) a 0.02 $ move 2- The current bearish trend started from 0.47 $ at 5/3/2010 and is currently trading at 0.46 $.
3- PHC.TO current support level is at 0.46 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
4- PHC.TO current resistance level is at 0.46 which is the 38.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
PHOENIX COAL INC (THE CO.) (PHC.TO) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.450 .
8- The Stock formed a 0.050 $ height triangle which was broken up at 0.460 in higher than usual volume, target of the pattern is 0.510.
PHOENIX COAL INC (THE CO.) (PHC.TO) Mid term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.500 and 0.510, and is currently resisting at 0.489.
PHOENIX COAL INC (THE CO.) (PHC.TO) Long term stock chart patterns for internet stock trading :

10- The Stock formed a 0.200 $ height triangle which was broken down at 0.450 in higher than usual volume, target of the pattern is 0.250.

Stock Trading Conclusion:
PHOENIX COAL INC (THE CO.) (PHC.TO) was trading in a strong 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 : 0.462, 0.464, 0.465, 0.465, 0.466, 0.470, 0.489, 0.492, 0.510.
Stock Support levels : 0.460, 0.458, 0.450, 0.446, 0.445, 0.438,.