Today we will analyze the stock NORDICOM (NRDC.CO) for internet stock trading in the CO stock market,
Stock Technical indicators to notice in NORDICOM (NRDC.CO)
1- Last bullish trend was from 4.51 $ (4/27/2012) to 4.78 $ (5/2/2012) a 0.27 $ move 2- The current bearish trend started from 4.78 $ at 5/2/2012 and is currently trading at 4.43 $.
3- NRDC.CO current support level is at 4.34 which is the 161.80 % fibonacci retracement of the last 0.27 $ move.
4- NRDC.CO current resistance level is at 4.44 which is the 127.20 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
NORDICOM (NRDC.CO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.780 and 5.000, and is currently resisting at 4.760.
NORDICOM (NRDC.CO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 3.700 $ height triangle which was broken up at 5.000 in higher than usual volume, target of the pattern is 8.700 which was broken down at 5.600 in higher than usual volume, target of the pattern is 1.900.
NORDICOM (NRDC.CO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.700 $ height triangle which was broken up at 5.000 in higher than usual volume, target of the pattern is 8.700 which was broken down at 5.600 in higher than usual volume, target of the pattern is 1.900.

Stock Trading Conclusion:
NORDICOM (NRDC.CO) 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 : 4.44, 4.51, 4.51, 4.56, 4.61, 4.61, 4.65, 4.65, 4.68, 4.72, 4.76, 4.78, 8.42, 8.70,.
Stock Support levels : 4.34, 1.90, 0.93,.