Today we will analyze the stock CHINA PUBLIC SEC TEC (CPBY) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in CHINA PUBLIC SEC TEC (CPBY)
1- Last bullish trend was from 5.22 $ (8/13/2010) to 5.48 $ (8/18/2010) a 0.26 $ move 2- The current bearish trend started from 5.48 $ at 8/18/2010 and is currently trading at 5.09 $.
3- CPBY current support level is at 5.06 which is the 161.80 % fibonacci retracement of the last 0.26 $ move.
4- CPBY current resistance level is at 5.15 which is the 127.20 % fibonacci retracement of the last 0.26 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CHINA PUBLIC SEC TEC (CPBY) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.480 and 5.720, and is currently resisting at 5.280.
CHINA PUBLIC SEC TEC (CPBY) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.060 and 4.830 that was broken down at 5.410 transforming into a resistance line.
CHINA PUBLIC SEC TEC (CPBY) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 5.060 and 4.830 that was broken down at 5.410 transforming into a resistance line.

Stock Trading Conclusion:
CHINA PUBLIC SEC TEC (CPBY) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 5.15, 5.18, 5.22, 5.24, 5.28, 5.28, 5.32, 5.33, 5.35, 5.38, 5.42, 5.48, 5.64,.
Stock Support levels :.