Today we will analyze the stock CHINA MERCHANTS (CPM.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in CHINA MERCHANTS (CPM.F)
1- Last bullish trend was from 2.41 $ (2/25/2014) to 2.57 $ (3/7/2014) a 0.16 $ move 2- The current bearish trend started from 2.57 $ at 3/7/2014 and is currently trading at 2.46 $.
3- CPM.F current support level is at 2.41 which is the 100.00 % fibonacci retracement of the last 0.16 $ move.
4- CPM.F current resistance level is at 2.47 which is the 61.80 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CHINA MERCHANTS (CPM.F) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.240 $ height triangle.
CHINA MERCHANTS (CPM.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.280 $ height triangle.
CHINA MERCHANTS (CPM.F) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.830 and 2.890, and is currently resisting at 2.680.

Stock Trading Conclusion:
CHINA MERCHANTS (CPM.F) 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 : 2.47, 2.49, 2.49, 2.50, 2.51, 2.51, 2.53, 2.53, 2.57, 2.68.
Stock Support levels : 2.41, 2.37,.