Today we will analyze the stock CGA MINING FPO (CGX.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in CGA MINING FPO (CGX.AX)
1- Last bullish trend was from 1.98 $ (1/9/2012) to 2.55 $ (1/30/2012) a 0.57 $ move 2- The current bearish trend started from 2.55 $ at 1/30/2012 and is currently trading at 2.38 $.
3- CGX.AX current support level is at 2.33 which is the 38.20 % fibonacci retracement of the last 0.57 $ move.
4- CGX.AX current resistance level is at 2.42 which is the 23.60 % fibonacci retracement of the last 0.57 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CGA MINING FPO (CGX.AX) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.980 and 1.910, and is currently supporting at 2.278.
CGA MINING FPO (CGX.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 1.980 and 1.780,resistance between 2.550 and 2.110 which was broken down at 2.400.
CGA MINING FPO (CGX.AX) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.490 and 2.700 that was broken up at 2.300 transforming into a supporting line.

Stock Trading Conclusion:
CGA MINING FPO (CGX.AX) was trading in a 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 : 2.42, 2.42, 2.44, 2.47, 2.49, 2.55, 2.55,.
Stock Support levels : 2.33, 2.28, 2.26, 2.20, 2.02, 1.98, 1.82,.