Today we will analyze the stock CERAGON NETWORKS (GGN.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in CERAGON NETWORKS (GGN.BE)
1- Last bullish trend was from 7.48 $ (3/24/2011) to 8.40 $ (4/1/2011) a 0.92 $ move 2- The current bearish trend started from 8.40 $ at 4/1/2011 and is currently trading at 8.03 $.
3- GGN.BE current support level is at 7.94 which is the 50.00 % fibonacci retracement of the last 0.92 $ move.
4- GGN.BE current resistance level is at 8.05 which is the 38.20 % fibonacci retracement of the last 0.92 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CERAGON NETWORKS (GGN.BE) Short term stock chart patterns for internet stock trading :

None.
CERAGON NETWORKS (GGN.BE) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.400 and 8.950, and is currently resisting at 8.262.
CERAGON NETWORKS (GGN.BE) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 7.480 and 8.840,resistance between 9.930 and 10.480, the stock channel is currently supported from below by 7.039 and resisted from above by 8.738.

Stock Trading Conclusion:
CERAGON NETWORKS (GGN.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 8.05, 8.12, 8.17, 8.18, 8.22, 8.26, 8.26, 8.40,.
Stock Support levels : 7.94, 7.83, 7.48, 7.23,.