Today we will analyze the stock CHINA PHARMA GRP (CVG.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in CHINA PHARMA GRP (CVG.F)
1- Last bullish trend was from 0.18 $ (2/1/2012) to 0.20 $ (2/2/2012) a 0.02 $ move 2- The current bearish trend started from 0.20 $ at 2/2/2012 and is currently trading at 0.19 $.
3- CVG.F current support level is at 0.19 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
4- CVG.F current resistance level is at 0.19 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CHINA PHARMA GRP (CVG.F) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.180 .
CHINA PHARMA GRP (CVG.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.200 .
CHINA PHARMA GRP (CVG.F) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.200 .

Stock Trading Conclusion:
CHINA PHARMA GRP (CVG.F) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.192, 0.194, 0.195, 0.195, 0.196, 0.200,.
Stock Support levels : 0.188, 0.180, 0.175, 0.168,.