Today we will analyze the stock ARCHER EXP FPO (AXE.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in ARCHER EXP FPO (AXE.AX)
1- Last bullish trend was from 0.37 $ (5/1/2012) to 0.43 $ (5/3/2012) a 0.06 $ move 2- The current bearish trend started from 0.43 $ at 5/3/2012 and is currently trading at 0.40 $.
3- AXE.AX current support level is at 0.39 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
4- AXE.AX current resistance level is at 0.40 which is the 50.00 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
ARCHER EXP FPO (AXE.AX) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.370 and 0.350,resistance between 0.430 and 0.400 which was broken down at 0.400 in higher than usual volume.
ARCHER EXP FPO (AXE.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 0.370 and 0.280,resistance between 0.430 and 0.400 which was broken down at 0.400 in higher than usual volume.
ARCHER EXP FPO (AXE.AX) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.280 .

Stock Trading Conclusion:
ARCHER EXP FPO (AXE.AX) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.400, 0.404, 0.407, 0.411, 0.415, 0.416, 0.419, 0.430,.
Stock Support levels : 0.393, 0.370, 0.354, 0.333,.