Today we will analyze the stock CEPSA (CPS.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in CEPSA (CPS.F)
1- Last bullish trend was from 21.57 $ (2/10/2011) to 28.45 $ (4/18/2011) a 6.88 $ move 2- The current bearish trend started from 28.45 $ at 4/18/2011 and is currently trading at 27.18 $.
3- CPS.F current support level is at 26.83 which is the 23.60 % fibonacci retracement of the last 6.88 $ move.
4- CPS.F current resistance level is at 28.45 which is the 0.00 % fibonacci retracement of the last 6.88 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CEPSA (CPS.F) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 21.570 and 20.990,resistance between 28.450 and 22.750 which was broken down at 27.810.
CEPSA (CPS.F) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 20.990 and 18.000 that was broken down at 27.760 transforming into a resistance line.
CEPSA (CPS.F) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 25.110 and 29.720 that was broken up at 15.690 transforming into a supporting line.

Stock Trading Conclusion:
CEPSA (CPS.F) was trading in a strong bearish wave, which is becoming weaker .
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 : 27.48, 27.67, 27.82, 27.96, 28.45, 36.19, 38.02.
Stock Support levels : 26.83, 25.82, 25.01, 24.20, 21.57, 19.70, 17.32,.