Today we will analyze the stock PHOENIX CANADA OIL COMPANY LIMI (PCO.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in PHOENIX CANADA OIL COMPANY LIMI (PCO.V)
1- Last bullish trend was from 2.10 $ (12/2/2011) to 2.59 $ (12/6/2011) a 0.49 $ move 2- The current bearish trend started from 2.59 $ at 12/6/2011 and is currently trading at 2.15 $.
3- PCO.V current support level is at 2.10 which is the 100.00 % fibonacci retracement of the last 0.49 $ move.
4- PCO.V current resistance level is at 2.29 which is the 61.80 % fibonacci retracement of the last 0.49 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
PHOENIX CANADA OIL COMPANY LIMI (PCO.V) Short term stock chart patterns for internet stock trading :

None.
PHOENIX CANADA OIL COMPANY LIMI (PCO.V) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.590 and 2.650, and is currently resisting at 2.293.
PHOENIX CANADA OIL COMPANY LIMI (PCO.V) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.590 and 2.650, and is currently resisting at 2.293.

Stock Trading Conclusion:
PHOENIX CANADA OIL COMPANY LIMI (PCO.V) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.25, 2.29, 2.29, 2.32, 2.34, 2.37, 2.40, 2.42, 2.47, 2.59,.
Stock Support levels : 2.10, 1.97,.