Today we will analyze the stock Ikonics Corporation (IKNX) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Ikonics Corporation (IKNX)
1- Last bullish trend was from 7.44 $ (1/17/2012) to 7.88 $ (1/18/2012) a 0.44 $ move 2- The current bearish trend started from 7.88 $ at 1/18/2012 and is currently trading at 7.16 $.
3- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Ikonics Corporation (IKNX) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 7.440 and 7.300 that was broken down at 7.410 transforming into a resistance line.
Ikonics Corporation (IKNX) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 7.300 that failed and formed a resistance.
6- The Stock was resisted by a resistance line, identified by two points: 7.880 and 7.970, and is currently resisting at 7.803.
Ikonics Corporation (IKNX) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Ikonics Corporation (IKNX) was trading in a strong bullish wave, which is becoming weaker .
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 : 7.28, 7.33, 7.44, 7.52, 7.60, 7.80, 7.88, 7.89.
Stock Support levels :.