Today we will analyze the stock CHRYSALIS (5CY.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in CHRYSALIS (5CY.MU)
1- Last bullish trend was from 1.20 $ (10/19/2010) to 1.91 $ (1/24/2011) a 0.71 $ move 2- The current bearish trend started from 1.91 $ at 1/24/2011 and is currently trading at 1.84 $.
3- 5CY.MU current support level is at 1.74 which is the 23.60 % fibonacci retracement of the last 0.71 $ move.
4- 5CY.MU current resistance level is at 1.91 which is the 0.00 % fibonacci retracement of the last 0.71 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
CHRYSALIS (5CY.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.200 and 1.150, and is currently supporting at 1.230.
CHRYSALIS (5CY.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 1.150 and 0.920,resistance between 1.230 and 1.070 which was broken up at 1.490.
CHRYSALIS (5CY.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.920 and 0.590 that was broken down at 0.990 transforming into a resistance line.

Stock Trading Conclusion:
CHRYSALIS (5CY.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 1.86, 1.87, 1.88, 1.88, 1.91, 2.71.
Stock Support levels : 1.74, 1.64, 1.56, 1.50, 1.47, 1.23, 1.20, 1.01,.