Today we will analyze the stock JC PENNEY (JCP.MX) for internet stock trading in the MX stock market,
Stock Technical indicators to notice in JC PENNEY (JCP.MX)
1- Last bullish trend was from 386.76 $ (1/24/2012) to 537.00 $ (2/29/2012) a 150.24 $ move 2- The current bearish trend started from 537.00 $ at 2/29/2012 and is currently trading at 467.00 $.
3- JCP.MX current support level is at 461.88 which is the 50.00 % fibonacci retracement of the last 150.24 $ move.
4- JCP.MX current resistance level is at 479.61 which is the 38.20 % fibonacci retracement of the last 150.24 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
JC PENNEY (JCP.MX) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 386.760 and 324.900 that was broken down at 456.000 transforming into a resistance line.
JC PENNEY (JCP.MX) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 386.760 and 324.900 that was broken down at 456.000 transforming into a resistance line.
JC PENNEY (JCP.MX) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 386.760 and 324.900 that was broken down at 456.000 transforming into a resistance line.

Stock Trading Conclusion:
JC PENNEY (JCP.MX) 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 : 479.61, 483.52, 493.74, 501.54, 502.00, 510.26, 535.22, 537.00,.
Stock Support levels : 461.88, 444.15, 386.76, 345.89,.