Today we will analyze the stock NEXT MEDIA (PPK.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in NEXT MEDIA (PPK.MU)
1- Last bullish trend was from 0.06 $ (4/5/2012) to 0.07 $ (4/26/2012) a 0.01 $ move 2- The current bearish trend started from 0.07 $ at 4/26/2012 and is currently trading at 0.06 $.
3- PPK.MU current support level is at 0.06 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- PPK.MU current resistance level is at 0.06 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NEXT MEDIA (PPK.MU) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.060 and 0.070,resistance between 0.070 and 0.080, the stock channel is currently supported from below by 0.057 and resisted from above by 0.069.
NEXT MEDIA (PPK.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.060 and 0.070,resistance between 0.070 and 0.080, the stock channel is currently supported from below by 0.057 and resisted from above by 0.069.
NEXT MEDIA (PPK.MU) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.060 and 0.070,resistance between 0.070 and 0.080, the stock channel is currently supported from below by 0.057 and resisted from above by 0.069.

Stock Trading Conclusion:
NEXT MEDIA (PPK.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.062, 0.064, 0.065, 0.066, 0.068, 0.070, 0.080,.
Stock Support levels : 0.057,.