Today we will analyze the stock COVENTREE (CG7.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in COVENTREE (CG7.F)
1- Last bearish trend was from 2.15 $ (4/27/2011) to 1.85 $ (4/29/2011) a 0.30 $ move 2- The current bullish trend started from 1.85 $ at 4/29/2011 and is currently trading at 1.95 $.
3- CG7.F current support level is at 1.92 which is the 23.60 % fibonacci retracement of the last 0.30 $ move.
4- CG7.F current resistance level is at 1.96 which is the 38.20 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
COVENTREE (CG7.F) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 2.150 .
COVENTREE (CG7.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 2.150 that failed and formed a resistance.
8- The Stock was resisted by a resistance line, identified by two points: 2.300 and 2.350 that was broken up at 2.100 transforming into a supporting line.
COVENTREE (CG7.F) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 2.350 and 2.550, and is currently resisting at 2.057.

Stock Trading Conclusion:
COVENTREE (CG7.F) was trading in a bearish wave, which is becoming stronger .
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 : 1.96, 2.00, 2.04, 2.06, 2.15, 2.23, 2.34.
Stock Support levels : 1.93, 1.92, 1.91, 1.90, 1.89, 1.85,.