Today we will analyze the stock AXON GROUP (AN9.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in AXON GROUP (AN9.MU)
1- Last bullish trend was from 5.48 $ (7/30/2008) to 8.66 $ (10/7/2008) a 3.18 $ move 2- The current bearish trend started from 8.66 $ at 10/7/2008 and is currently trading at 7.95 $.
3- AN9.MU current support level is at 7.91 which is the 23.60 % fibonacci retracement of the last 3.18 $ move.
4- AN9.MU current resistance level is at 8.66 which is the 0.00 % fibonacci retracement of the last 3.18 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
AXON GROUP (AN9.MU) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 5.480 and 4.770,resistance between 8.660 and 5.650 which was broken down at 8.500.
AXON GROUP (AN9.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 4.770 and 4.650, and is currently supporting at 4.936.
AXON GROUP (AN9.MU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 2.930 $ height triangle which was broken up at 5.740, target of the pattern is 8.670.

Stock Trading Conclusion:
AXON GROUP (AN9.MU) was trading in a bearish 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 : 8.12, 8.22, 8.30, 8.39, 8.66, 8.67, 10.13.
Stock Support levels : 7.91, 7.45, 7.07, 6.69, 5.48, 4.94, 4.62, 4.47,.