Today we will analyze the stock NEWPORT FPO (NMN.AX) for internet stock trading in the AX stock market,
Stock Technical indicators to notice in NEWPORT FPO (NMN.AX)
1- Last bullish trend was from 0.48 $ (9/24/2010) to 0.55 $ (10/7/2010) a 0.07 $ move 2- The current bearish trend started from 0.55 $ at 10/7/2010 and is currently trading at 0.53 $.
3- NMN.AX current support level is at 0.52 which is the 38.20 % fibonacci retracement of the last 0.07 $ move.
4- NMN.AX current resistance level is at 0.53 which is the 23.60 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
NEWPORT FPO (NMN.AX) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.480 and 0.430 that was broken down at 0.530 transforming into a resistance line.
NEWPORT FPO (NMN.AX) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.480 and 0.410, and is currently supporting at 0.524.
NEWPORT FPO (NMN.AX) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.480 and 0.510 that was broken up at 0.450 transforming into a supporting line.

Stock Trading Conclusion:
NEWPORT FPO (NMN.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 : 0.533, 0.535, 0.538, 0.540, 0.542, 0.547, 0.550,.
Stock Support levels : 0.524, 0.523, 0.515, 0.507, 0.480, 0.461, 0.437,.