Today we will analyze the stock NEXEN (CXY.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in NEXEN (CXY.F)
1- Last bearish trend was from 20.76 $ (12/10/2012) to 19.61 $ (2/1/2013) a 1.15 $ move 2- The current bullish trend started from 19.61 $ at 2/1/2013 and is currently trading at 20.92 $.
3- CXY.F current support level is at 20.76 which is the 100.00 % fibonacci retracement of the last 1.15 $ move.
4- CXY.F current resistance level is at 21.07 which is the 127.20 % fibonacci retracement of the last 1.15 $ 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.
NEXEN (CXY.F) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 19.610 and 18.170, and is currently supporting at 20.186.
NEXEN (CXY.F) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 18.170 .
8- The Stock formed a 3.250 $ height triangle which was broken up at 19.830, target of the pattern is 23.080.
NEXEN (CXY.F) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 18.200 and 13.040 that was broken down at 20.300 transforming into a resistance line.

Stock Trading Conclusion:
NEXEN (CXY.F) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 21.07, 21.47, 23.08, 24.03.
Stock Support levels : 20.76, 20.61, 20.42, 20.32, 20.27, 20.19, 20.19, 20.11, 20.05, 19.88, 19.61, 18.54,.