Today we will analyze the stock CONERGY (CGY.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in CONERGY (CGY.DE)
1- Last bullish trend was from 0.28 $ (6/20/2011) to 0.29 $ (6/21/2011) a 0.01 $ move 2- The current bearish trend started from 0.29 $ at 6/21/2011 and is currently trading at 0.25 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CONERGY (CGY.DE) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 0.290 and 0.350 that was broken up at 0.280 transforming into a supporting line.
CONERGY (CGY.DE) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 0.100 $ height triangle which was broken down at 0.320 in higher than usual volume, target of the pattern is 0.220.
CONERGY (CGY.DE) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 0.100 $ height triangle which was broken down at 0.320 in higher than usual volume, target of the pattern is 0.220.

Stock Trading Conclusion:
CONERGY (CGY.DE) was trading in a bearish 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 : 0.259, 0.265, 0.270, 0.275, 0.290, 0.395,.
Stock Support levels : 0.220,.