Today we will analyze the stock CHINA POWERPLUS (U7X.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in CHINA POWERPLUS (U7X.BE)
1- Last bullish trend was from 0.02 $ (2/24/2011) to 0.03 $ (2/25/2011) a 0.01 $ move 2- The current bearish trend started from 0.03 $ at 2/25/2011 and is currently trading at 0.02 $.
3- U7X.BE current support level is at 0.02 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- U7X.BE current resistance level is at 0.02 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
CHINA POWERPLUS (U7X.BE) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040, the stock channel is currently supported from below by 0.015 and resisted from above by 0.026.
CHINA POWERPLUS (U7X.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040, the stock channel is currently supported from below by 0.015 and resisted from above by 0.026.
CHINA POWERPLUS (U7X.BE) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040, the stock channel is currently supported from below by 0.015 and resisted from above by 0.026.

Stock Trading Conclusion:
CHINA POWERPLUS (U7X.BE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.022, 0.024, 0.025, 0.026, 0.028, 0.030,.
Stock Support levels : 0.017,.