Today we will analyze the stock CONERGY (CGY.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in CONERGY (CGY.MU)
1- Last bullish trend was from 0.30 $ (6/15/2011) to 0.31 $ (6/17/2011) a 0.01 $ move 2- The current bearish trend started from 0.31 $ at 6/17/2011 and is currently trading at 0.26 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CONERGY (CGY.MU) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 0.300 that failed and formed a resistance.
5- The Stock formed Double Top Pattern at 0.310 .
CONERGY (CGY.MU) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 0.120 $ height triangle which was broken down at 0.300, target of the pattern is 0.180.
CONERGY (CGY.MU) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.380 and 0.460, and is currently resisting at 0.337.

Stock Trading Conclusion:
CONERGY (CGY.MU) was trading in a bearish 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 : 0.272, 0.279, 0.285, 0.291, 0.300, 0.310, 0.337, 0.416.
Stock Support levels :.