Today we will analyze the stock CAIRO COMMUNICATION (CAI.MI) for internet stock trading in the MI stock market,
Stock Technical indicators to notice in CAIRO COMMUNICATION (CAI.MI)
1- Last bullish trend was from 3.04 $ (4/26/2012) to 3.18 $ (4/30/2012) a 0.14 $ move 2- The current bearish trend started from 3.18 $ at 4/30/2012 and is currently trading at 3.04 $.
3- CAI.MI current support level is at 3.00 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
4- CAI.MI current resistance level is at 3.04 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
CAIRO COMMUNICATION (CAI.MI) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 3.180 and 3.460, and is currently resisting at 3.087.
CAIRO COMMUNICATION (CAI.MI) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.510 and 2.220, and is currently supporting at 2.966.
CAIRO COMMUNICATION (CAI.MI) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
CAIRO COMMUNICATION (CAI.MI) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 3.07, 3.09, 3.09, 3.11, 3.13, 3.15, 3.18,.
Stock Support levels : 3.00, 2.97,.