Today we will analyze the stock Nic Inc. (EGOV) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Nic Inc. (EGOV)
1- Last bullish trend was from 10.76 $ (4/19/2012) to 11.68 $ (5/2/2012) a 0.92 $ move 2- The current bearish trend started from 11.68 $ at 5/2/2012 and is currently trading at 11.18 $.
3- EGOV current support level is at 11.11 which is the 61.80 % fibonacci retracement of the last 0.92 $ move.
4- EGOV current resistance level is at 11.22 which is the 50.00 % fibonacci retracement of the last 0.92 $ move.
5- According to ADX Indicator, the trend is currently 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.
Nic Inc. (EGOV) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 11.680 and 12.590, and is currently resisting at 11.505.
Nic Inc. (EGOV) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 12.590 and 13.070, and is currently resisting at 12.018.
Nic Inc. (EGOV) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 13.070 and 13.610, and is currently resisting at 11.930.

Stock Trading Conclusion:
Nic Inc. (EGOV) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 11.22, 11.30, 11.33, 11.37, 11.43, 11.46, 11.49, 11.51, 11.68, 11.93, 12.02.
Stock Support levels : 11.11, 10.76, 10.51,.