Today we will analyze the stock COUNTRYWIDE FIN (CWU.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in COUNTRYWIDE FIN (CWU.F)
1- Last bullish trend was from 2.88 $ (6/23/2008) to 2.99 $ (6/25/2008) a 0.11 $ move 2- The current bearish trend started from 2.99 $ at 6/25/2008 and is currently trading at 2.74 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
COUNTRYWIDE FIN (CWU.F) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.230 $ height triangle which was broken up at 2.740, target of the pattern is 2.970 which was broken down at 2.680 in higher than usual volume, target of the pattern is 2.450.
COUNTRYWIDE FIN (CWU.F) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 3.070 and 3.200 that was broken up at 2.740 transforming into a supporting line.
COUNTRYWIDE FIN (CWU.F) Long term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 3.550 .

Stock Trading Conclusion:
COUNTRYWIDE FIN (CWU.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 : 2.80, 2.84, 2.87, 2.89, 2.97, 2.99, 3.47, 5.24.
Stock Support levels : 2.45, -0.10,.