Today we will analyze the stock CHALICE FPO (CHN.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in CHALICE FPO (CHN.AX)
1- Last bearish trend was from 0.25 $ (4/27/2012) to 0.21 $ (5/2/2012) a 0.04 $ move 2- The current bullish trend started from 0.21 $ at 5/2/2012 and is currently trading at 0.23 $.
3- CHN.AX current support level is at 0.23 which is the 50.00 % fibonacci retracement of the last 0.04 $ move.
4- CHN.AX current resistance level is at 0.23 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
CHALICE FPO (CHN.AX) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.250 .
CHALICE FPO (CHN.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.250 .
CHALICE FPO (CHN.AX) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.210 and 0.220,resistance between 0.250 and 0.280, the stock channel is currently supported from below by 0.209 and resisted from above by 0.246.

Stock Trading Conclusion:
CHALICE FPO (CHN.AX) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.235, 0.250, 0.261, 0.275.
Stock Support levels : 0.230, 0.225, 0.222, 0.220, 0.219, 0.218, 0.210,.