Today we will analyze the stock CAVIUM NETWORKS INC (CAVM) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in CAVIUM NETWORKS INC (CAVM)
1- Last bullish trend was from 31.81 $ (1/13/2012) to 34.96 $ (1/19/2012) a 3.15 $ move 2- The current bearish trend started from 34.96 $ at 1/19/2012 and is currently trading at 32.58 $.
3- CAVM current support level is at 31.81 which is the 100.00 % fibonacci retracement of the last 3.15 $ move.
4- CAVM current resistance level is at 33.01 which is the 61.80 % fibonacci retracement of the last 3.15 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CAVIUM NETWORKS INC (CAVM) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 31.810 and 25.990 that was broken down at 33.900 transforming into a resistance line.
CAVIUM NETWORKS INC (CAVM) Mid term stock chart patterns for internet stock trading :

None.
CAVIUM NETWORKS INC (CAVM) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 33.080 and 36.630 that was broken up at 28.510 transforming into a supporting line.

Stock Trading Conclusion:
CAVIUM NETWORKS INC (CAVM) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 33.01, 33.14, 33.38, 33.49, 33.76, 33.77, 34.05, 34.22, 34.96, 35.92.
Stock Support levels : 31.81, 30.95, 29.86,.