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 2.25 $ (1/27/2012) to 2.16 $ (1/30/2012) a 0.09 $ move 2- The current bullish trend started from 2.16 $ at 1/30/2012 and is currently trading at 2.48 $.
3- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Engex (EGX) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 2.160 and 1.680, and is currently supporting at 2.297.
Engex (EGX) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 1.920 and 2.150 that was broken up at 1.840 transforming into a supporting line.
Engex (EGX) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.920 and 2.150 that was broken up at 1.840 transforming into a supporting line.

Stock Trading Conclusion:
Engex (EGX) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : .
Stock Support levels : 2.40, 2.36, 2.32, 2.30, 2.28, 2.16, 1.63,.