Today we will analyze the stock Engex (EGX) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Engex (EGX)
1- Last bearish trend was from 4.11 $ (8/30/2010) to 3.69 $ (8/31/2010) a 0.42 $ move 2- The current bullish trend started from 3.69 $ at 8/31/2010 and is currently trading at 3.86 $.
3- EGX current support level is at 3.85 which is the 38.20 % fibonacci retracement of the last 0.42 $ move.
4- EGX current resistance level is at 3.90 which is the 50.00 % fibonacci retracement of the last 0.42 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
Engex (EGX) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.110 and 4.420, and is currently resisting at 3.903.
Engex (EGX) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 3.710 and 4.150,resistance between 4.110 and 4.420, the stock channel is currently supported from below by 3.446 and resisted from above by 3.903.
Engex (EGX) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 4.110 and 4.890, and is currently resisting at 3.937.

Stock Trading Conclusion:
Engex (EGX) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 3.90, 3.90, 3.94, 3.95, 4.11, 4.22, 4.22, 4.37.
Stock Support levels : 3.85, 3.82, 3.80, 3.79, 3.77, 3.75, 3.69,.