Today we will analyze the stock IMPAX LABS (ILR.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in IMPAX LABS (ILR.MU)
1- Last bullish trend was from 5.65 $ (4/23/2008) to 5.92 $ (5/9/2008) a 0.27 $ move 2- The current bearish trend started from 5.92 $ at 5/9/2008 and is currently trading at 5.61 $.
3- ILR.MU current support level is at 5.58 which is the 127.20 % fibonacci retracement of the last 0.27 $ move.
4- ILR.MU current resistance level is at 5.65 which is the 100.00 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
IMPAX LABS (ILR.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.650 and 5.570 that was broken down at 5.610 transforming into a resistance line.
IMPAX LABS (ILR.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.480 $ height triangle which was broken down at 5.610, target of the pattern is 5.130.
IMPAX LABS (ILR.MU) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 6.780 and 7.410,resistance between 7.870 and 8.390, the stock channel is currently supported from below by 5.181 and resisted from above by 6.535.

Stock Trading Conclusion:
IMPAX LABS (ILR.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 : 5.65, 5.68, 5.73, 5.75, 5.77, 5.78, 5.80, 5.82, 5.83, 5.85, 5.86, 5.92,.
Stock Support levels : 5.58, 5.48,.