Today we will analyze the stock CONEXANT SYSTEMS (CXNA.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in CONEXANT SYSTEMS (CXNA.F)
1- Last bullish trend was from 1.63 $ (3/8/2011) to 1.71 $ (3/9/2011) a 0.08 $ move 2- The current bearish trend started from 1.71 $ at 3/9/2011 and is currently trading at 1.62 $.
3- CXNA.F current support level is at 1.61 which is the 127.20 % fibonacci retracement of the last 0.08 $ move.
4- CXNA.F current resistance level is at 1.63 which is the 100.00 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CONEXANT SYSTEMS (CXNA.F) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 1.630 and 1.690,resistance between 1.710 and 1.770 which was broken up at 1.640.
CONEXANT SYSTEMS (CXNA.F) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.450 and 1.180 that was broken down at 1.650 transforming into a resistance line.
CONEXANT SYSTEMS (CXNA.F) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.450 and 1.180 that was broken down at 1.650 transforming into a resistance line.

Stock Trading Conclusion:
CONEXANT SYSTEMS (CXNA.F) was trading in a bullish 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 : 1.63, 1.64, 1.65, 1.66, 1.67, 1.67, 1.68, 1.68, 1.69, 1.71, 2.25,.
Stock Support levels : 1.61, 1.58,.