Today we will analyze the stock COVAD COMM GRP (COV.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in COVAD COMM GRP (COV.F)
1- Last bullish trend was from 0.01 $ (10/17/2011) to 0.04 $ (10/20/2011) a 0.03 $ move 2- The current bearish trend started from 0.04 $ at 10/20/2011 and is currently trading at 0.01 $.
3- COV.F current support level is at 0.00 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
4- COV.F current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
COVAD COMM GRP (COV.F) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.010 .
COVAD COMM GRP (COV.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.010 .
COVAD COMM GRP (COV.F) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.010 .

Stock Trading Conclusion:
COVAD COMM GRP (COV.F) was trading in a bullish wave, which is becoming stronger .
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 : 0.017, 0.020, 0.021, 0.025, 0.029, 0.033, 0.040,.
Stock Support levels : 0.002,.