Today we will analyze the stock Conexant Systems (CNXT) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Conexant Systems (CNXT)
1- Last bullish trend was from 1.48 $ (8/26/2010) to 1.53 $ (8/27/2010) a 0.05 $ move 2- The current bearish trend started from 1.53 $ at 8/27/2010 and is currently trading at 1.47 $.
3- CNXT current support level is at 1.47 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
4- CNXT current resistance level is at 1.48 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
Conexant Systems (CNXT) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.530 and 1.660 that was broken up at 1.480 transforming into a supporting line.
Conexant Systems (CNXT) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.190 and 2.410 that was broken up at 1.630 transforming into a supporting line.
Conexant Systems (CNXT) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.460 $ height triangle which was broken down at 2.150 in higher than usual volume, target of the pattern is 1.690.

Stock Trading Conclusion:
Conexant Systems (CNXT) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 1.48, 1.48, 1.49, 1.50, 1.50, 1.50, 1.51, 1.51, 1.52, 1.53, 1.71, 2.63.
Stock Support levels : 1.47, 1.45, 1.43,.