Today we’ll analyze the stock Eon Communications Corporation (EONC) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Eon Communications Corporation (EONC)
1- Last bearish trend was from 0.66$ (12/22/2008) to 0.44$ (12/24/2008) a 0.22$ move
2- The current bullish trend started from 0.44$ at 12/24/2008 and is currently trading at 0.65$.

3- EONC current support level is at 0.58 which is the 61.80% fibonacci retracement of the last 0.22$ move.
4- EONC current resistance level is at 0.66 which is the 100.00% fibonacci retracement of the last 0.22$ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
Eon Communications Corporation (EONC) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.44 and 0.42, and is currently supporting at 0.48.
Eon Communications Corporation (EONC) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.44 and 0.42, and is currently supporting at 0.48.
Eon Communications Corporation (EONC) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.44 and 0.42, and is currently supporting at 0.48.

Stock Trading Conclusion:
Eon Communications Corporation (EONC) was trading in a bullish wave, which is becoming stronger .
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.
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Stock Resistance Levels : 0.660, 0.720, 0.730, 0.796, 0.800, 0.830, 0.880, 1.400, 1.700, 4.050, 4.600, 5.000, 5.050, 5.150, 5.500.
Stock Support levels : 0.600, 0.576, 0.570, 0.550, 0.545, 0.540, 0.524, 0.520, 0.492, 0.480, 0.440,.