Today we will analyze the stock COUNTRYWIDE FIN (CWU.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in COUNTRYWIDE FIN (CWU.DE)
1- Last bullish trend was from 2.60 $ (5/30/2008) to 2.70 $ (6/6/2008) a 0.10 $ move 2- The current bearish trend started from 2.70 $ at 6/6/2008 and is currently trading at 2.60 $.
3- CWU.DE current support level is at 2.57 which is the 127.20 % fibonacci retracement of the last 0.10 $ move.
4- CWU.DE current resistance level is at 2.60 which is the 100.00 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
COUNTRYWIDE FIN (CWU.DE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 2.600 .
7- The Stock formed a 0.650 $ height triangle which was broken up at 2.600, target of the pattern is 3.250.
COUNTRYWIDE FIN (CWU.DE) Mid term stock chart patterns for internet stock trading :

None.
COUNTRYWIDE FIN (CWU.DE) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.250 and 3.700 that was broken up at 2.600 transforming into a supporting line.

Stock Trading Conclusion:
COUNTRYWIDE FIN (CWU.DE) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 2.62, 2.64, 2.65, 2.66, 2.68, 2.70, 3.25.
Stock Support levels : 2.57, 2.54, -1.39,.