Today we will analyze the stock CHINA PHARMA GRP (CVG.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in CHINA PHARMA GRP (CVG.BE)
1- Last bullish trend was from 0.39 $ (3/28/2011) to 0.41 $ (4/5/2011) a 0.02 $ move 2- The current bearish trend started from 0.41 $ at 4/5/2011 and is currently trading at 0.39 $.
3- CVG.BE current support level is at 0.38 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- CVG.BE current resistance level is at 0.39 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CHINA PHARMA GRP (CVG.BE) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.390 $ and 0.410 $.

CHINA PHARMA GRP (CVG.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.470 .
8- The Stock formed a 0.070 $ height triangle which was broken down at 0.440, target of the pattern is 0.370.
CHINA PHARMA GRP (CVG.BE) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 0.400 and 0.380 that was broken down at 0.410 transforming into a resistance line.

Stock Trading Conclusion:
CHINA PHARMA GRP (CVG.BE) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.395, 0.398, 0.400, 0.402, 0.405, 0.410, 0.436, 0.470, 0.488.
Stock Support levels : 0.385, 0.378,.