Today we will analyze the stock SONIC INNOVATIONS (ONZ.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in SONIC INNOVATIONS (ONZ.BE)
1- Last bearish trend was from 0.62 $ (3/22/2010) to 0.60 $ (3/23/2010) a 0.02 $ move 2- The current bullish trend started from 0.60 $ at 3/23/2010 and is currently trading at 0.63 $.
3- ONZ.BE current support level is at 0.63 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- ONZ.BE current resistance level is at 0.63 which is the 161.80 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SONIC INNOVATIONS (ONZ.BE) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.600 and 0.590,resistance between 0.620 and 0.610, the stock channel is currently supported from below by 0.610 and resisted from above by 0.633.
SONIC INNOVATIONS (ONZ.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.590 .
8- The Stock formed a 0.090 $ height triangle which was broken up at 0.610, target of the pattern is 0.700.
SONIC INNOVATIONS (ONZ.BE) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 0.570 and 0.490,resistance between 0.680 and 0.650 which was broken down at 0.620.

Stock Trading Conclusion:
SONIC INNOVATIONS (ONZ.BE) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.632, 0.645, 0.700.
Stock Support levels : 0.625, 0.623, 0.620, 0.619, 0.615, 0.612, 0.611, 0.610, 0.608, 0.605, 0.600, 0.590,.