Today we will analyze the stock CNCI-B (CNCIB.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in CNCI-B (CNCIB.MX)
1- Last bullish trend was from 0.33 $ (10/28/2011) to 0.39 $ (11/3/2011) a 0.06 $ move 2- The current bearish trend started from 0.39 $ at 11/3/2011 and is currently trading at 0.32 $.
3- CNCIB.MX current support level is at 0.31 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
4- CNCIB.MX current resistance level is at 0.33 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CNCI-B (CNCIB.MX) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.330 and 0.300,resistance between 0.390 and 0.360 which was broken down at 0.320.
CNCI-B (CNCIB.MX) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 0.330 and 0.270,resistance between 0.390 and 0.360 which was broken down at 0.320.
CNCI-B (CNCIB.MX) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.270 and 0.240, and is currently supporting at 0.307.

Stock Trading Conclusion:
CNCI-B (CNCIB.MX) was trading in a bullish 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 : 0.330, 0.337, 0.347, 0.353, 0.355, 0.360, 0.363, 0.367, 0.376, 0.390, 0.435, 0.450.
Stock Support levels : 0.314, 0.307,.