Today we will analyze the stock CONEXANT SYSTEMS (CXN.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in CONEXANT SYSTEMS (CXN.F)
1- Last bearish trend was from 0.41 $ (6/23/2008) to 0.30 $ (6/27/2008) a 0.11 $ move 2- The current bullish trend started from 0.30 $ at 6/27/2008 and is currently trading at 0.31 $.
3- CXN.F current support level is at 0.30 which is the 0.00 % fibonacci retracement of the last 0.11 $ move.
4- CXN.F current resistance level is at 0.33 which is the 23.60 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CONEXANT SYSTEMS (CXN.F) Short term stock chart patterns for internet stock trading :

None.
CONEXANT SYSTEMS (CXN.F) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.360 and 0.300 that was broken down at 0.340 transforming into a resistance line.
CONEXANT SYSTEMS (CXN.F) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.360 and 0.300 that was broken down at 0.340 transforming into a resistance line.

Stock Trading Conclusion:
CONEXANT SYSTEMS (CXN.F) was trading in a strong bullish wave, which is becoming weaker .
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 : 0.326, 0.342, 0.355, 0.368, 0.402, 0.410, 0.440, 0.478.
Stock Support levels : 0.308, 0.306, 0.305, 0.304, 0.300,.