Today we will analyze the stock CONERGY (CGY.HM) for internet stock trading in the HM stock market,
Stock Technical indicators to notice in CONERGY (CGY.HM)
1- Last bullish trend was from 0.28 $ (6/21/2011) to 0.29 $ (6/22/2011) a 0.01 $ move 2- The current bearish trend started from 0.29 $ at 6/22/2011 and is currently trading at 0.25 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CONERGY (CGY.HM) 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 0.310 that was broken up at 0.250 transforming into a supporting line.
CONERGY (CGY.HM) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 0.100 $ height triangle which was broken down at 0.280 in higher than usual volume, target of the pattern is 0.180.
CONERGY (CGY.HM) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.370 and 0.400, and is currently resisting at 0.337.

Stock Trading Conclusion:
CONERGY (CGY.HM) was trading in a bearish wave, which is becoming stronger .
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, 0.303, 0.310, 0.337.
Stock Support levels : 0.250,.