Today we will analyze the stock COGNEX (CGZ.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in COGNEX (CGZ.MU)
1- Last bullish trend was from 29.60 $ (4/24/2012) to 31.02 $ (5/2/2012) a 1.42 $ move 2- The current bearish trend started from 31.02 $ at 5/2/2012 and is currently trading at 28.46 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
COGNEX (CGZ.MU) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 31.020 and 33.120, and is currently resisting at 30.823.
COGNEX (CGZ.MU) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 31.010 that failed and formed a resistance.
6- The Stock was resisted by a resistance line, identified by two points: 33.120 and 33.750, and is currently resisting at 32.070.
COGNEX (CGZ.MU) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 23.280 and 19.500 that was broken down at 31.510 transforming into a resistance line.

Stock Trading Conclusion:
COGNEX (CGZ.MU) was trading in a strong 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 : 29.06, 29.44, 29.74, 30.04, 30.75, 30.82, 30.82, 31.02, 32.07, 34.04.
Stock Support levels :.