reading the charts + depth, page-29

This may be of interest to some (report dated 12/4/11):

Today we will analyze the stock PRIMA FPO (PRR.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in PRIMA FPO (PRR.AX)

1- Last bullish trend was from 0.29 $ (4/5/2011) to 0.40 $ (4/8/2011) a 0.11 $ move

2- The current bearish trend started from 0.40 $ at 4/8/2011 and is currently trading at 0.36 $.

3- PRR.AX current support level is at 0.36 which is the 38.20 % fibonacci retracement of the last 0.11 $ move.

4- PRR.AX current resistance level is at 0.37 which is the 23.60 % fibonacci retracement of the last 0.11 $ move.

5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
PRIMA FPO (PRR.AX) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.290 and 0.270, and is currently supporting at 0.310.
PRIMA FPO (PRR.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.290 and 0.230, and is currently supporting at 0.324.
PRIMA FPO (PRR.AX) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.200 .

Stock Trading Conclusion:

PRIMA FPO (PRR.AX) trading in a strong bullish wave, which is becoming stronger .
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 : 0.369, 0.374, 0.375, 0.380, 0.385, 0.400,.
Stock Support levels : 0.358, 0.345, 0.332, 0.324, 0.310, 0.290, 0.260, 0.222, 0.220,.

http://www.thestocksprofit.com/asx/prr-ax-prima-fpo/