Conexant Systems (NASDAQ: CNXT) (NASDAQ:CNXT) Stock Research Trends Targets and Technical Analysis - Nasdaq market [en]

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 3.86 $ (2/9/2010) to 5.03 $ (2/18/2010) a 1.17 $ move 2- The current bearish trend started from 5.03 $ at 2/18/2010 and is currently trading at 3.97 $. 3- CNXT current support level is at 3.86 which is the 100.00 % fibonacci retracement of the last 1.17 $ move.
4- CNXT current resistance level is at 4.31 which is the 61.80 % fibonacci retracement of the last 1.17 $ 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.
Conexant Systems (CNXT) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 3.860 and 3.820 that was broken down at 3.970 transforming into a resistance line.
Conexant Systems (CNXT) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.860 and 3.820 that was broken down at 3.970 transforming into a resistance line.
Conexant Systems (CNXT) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.820 and 2.130 that was broken down at 4.880 transforming into a resistance line.

Stock Trading Conclusion:
Conexant Systems (CNXT) was trading in a strong bearish wave, which is becoming weaker .
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 : 3.99, 4.22, 4.31, 4.37, 4.45, 4.50, 4.58, 4.63, 4.75, 5.03, 5.64.
Stock Support levels : 3.86, 3.54,.