Today we’ll analyze the stock Ipcs (IPCS) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Ipcs (IPCS)
1- Last bullish trend was from 5.86$ (12/29/2008) to 6.86$ (12/31/2008) a 1.00$ move
2- The current bearish trend started from 6.86$ at 12/31/2008 and is currently trading at 5.88$.

3- IPCS current support level is at 5.86 which is the 100.00% fibonacci retracement of the last 1.00$ move.
4- IPCS current resistance level is at 6.24 which is the 61.80% fibonacci retracement of the last 1.00$ 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.
Ipcs (IPCS) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.86 and 5.7 that was broken down at 5.88 transforming into a resistance line.
Ipcs (IPCS) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.7 and 4.52 that was broken down at 5.86 transforming into a resistance line.
Ipcs (IPCS) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 6.86.

Stock Trading Conclusion:
Ipcs (IPCS) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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.
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Stock Resistance Levels : 6.11, 6.18, 6.24, 6.25, 6.36, 6.37, 6.48, 6.49, 6.62, 6.86, 6.86, 8.06, 27.22.
Stock Support levels : 5.86, 5.59,.