Ikonics Corporation (NASDAQ: IKNX) (NASDAQ:IKNX) Stock Research Trends Targets and Technical Analysis - Nasdaq market [en]

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 bearish trend was from 7.16 $ (3/11/2010) to 6.40 $ (3/12/2010) a 0.76 $ move 2- The current bullish trend started from 6.40 $ at 3/12/2010 and is currently trading at 6.68 $. 3- IKNX current support level is at 6.58 which is the 23.60 % fibonacci retracement of the last 0.76 $ move.
4- IKNX current resistance level is at 6.69 which is the 38.20 % fibonacci retracement of the last 0.76 $ 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.
Ikonics Corporation (IKNX) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6.400 and 6.310, and is currently supporting at 6.405.
Ikonics Corporation (IKNX) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 6.310 .
Ikonics Corporation (IKNX) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 6.300 .

Stock Trading Conclusion:
Ikonics Corporation (IKNX) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 6.69, 6.78, 6.87, 7.16, 7.37, 7.63.
Stock Support levels : 6.61, 6.58, 6.57, 6.54, 6.51, 6.41, 6.40, 6.32, 6.30,.