Today we will analyze the index EGYPT CMA GENL INDX (CCSI) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in EGYPT CMA GENL INDX (CCSI)
1- Last bearish trend was from 652.59 $ (4/23/2012) to 623.95 $ (5/2/2012) a 28.64 $ move 2- The current bullish trend started from 623.95 $ at 5/2/2012 and is currently trading at 663.91 $.
3- CCSI current support level is at 660.38 which is the 127.20 % fibonacci retracement of the last 28.64 $ move.
4- CCSI current resistance level is at 670.29 which is the 161.80 % fibonacci retracement of the last 28.64 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
EGYPT CMA GENL INDX (CCSI) Short term stock chart patterns for internet stock trading :

6- The Index formed a 138.650 $ height triangle which was broken up at 658.150, target of the pattern is 796.800.
EGYPT CMA GENL INDX (CCSI) Mid term stock chart patterns for internet stock trading :

7- The Index was supported by a support line, identified by two points: 546.760 and 525.610, and is currently supporting at 554.763.
EGYPT CMA GENL INDX (CCSI) Long term stock chart patterns for internet stock trading :

8- The Index was supported by a support line, identified by two points: 546.760 and 298.120, and is currently supporting at 607.829.

Stock Trading Conclusion:
EGYPT CMA GENL INDX (CCSI) was trading in a bullish wave, which is becoming weaker .
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 : 670.29, 796.80.
Stock Support levels : 660.38, 654.48, 652.59, 648.65, 643.93, 641.65, 639.21, 638.27, 634.89, 632.39, 630.71, 623.95, 607.83,.