Today we will analyze the stock COPERNIC INC (CNIC) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in COPERNIC INC (CNIC)
1- Last bullish trend was from 2.60 $ (10/12/2010) to 2.80 $ (10/20/2010) a 0.20 $ move 2- The current bearish trend started from 2.80 $ at 10/20/2010 and is currently trading at 2.40 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
COPERNIC INC (CNIC) Short term stock chart patterns for internet stock trading :

None.
COPERNIC INC (CNIC) Mid term stock chart patterns for internet stock trading :

4- The Stock formed a 0.300 $ height triangle which was broken down at 2.670, target of the pattern is 2.370.
COPERNIC INC (CNIC) Long term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 2.820 and 3.130, and is currently resisting at 2.630.

Stock Trading Conclusion:
COPERNIC INC (CNIC) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 2.49, 2.55, 2.60, 2.63, 2.65, 2.73, 2.80, 2.89.
Stock Support levels : 2.37.