Today we will analyze the stock COGENT COMM GRP (OGM1.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in COGENT COMM GRP (OGM1.BE)
1- Last bullish trend was from 9.54 $ (3/18/2011) to 10.29 $ (4/5/2011) a 0.75 $ move 2- The current bearish trend started from 10.29 $ at 4/5/2011 and is currently trading at 9.94 $.
3- OGM1.BE current support level is at 9.91 which is the 50.00 % fibonacci retracement of the last 0.75 $ move.
4- OGM1.BE current resistance level is at 10.00 which is the 38.20 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
COGENT COMM GRP (OGM1.BE) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 10.290 and 10.990, and is currently resisting at 10.157.
COGENT COMM GRP (OGM1.BE) Mid term stock chart patterns for internet stock trading :

None.
COGENT COMM GRP (OGM1.BE) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 4.740 $ height triangle which was broken down at 10.270, target of the pattern is 5.530.

Stock Trading Conclusion:
COGENT COMM GRP (OGM1.BE) was trading in a bearish wave, which is becoming weaker .
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 : 10.00, 10.02, 10.07, 10.11, 10.11, 10.16, 10.16, 10.29, 10.96.
Stock Support levels : 9.91, 9.83, 9.54, 9.34, 9.08,.