Today we will analyze the stock TERABEAM INC (PRXM) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in TERABEAM INC (PRXM)
1- Last bullish trend was from 1.30 $ (12/16/2011) to 2.00 $ (2/2/2012) a 0.70 $ move 2- The current bearish trend started from 2.00 $ at 2/2/2012 and is currently trading at 1.45 $.
3- PRXM current support level is at 1.30 which is the 100.00 % fibonacci retracement of the last 0.70 $ move.
4- PRXM current resistance level is at 1.57 which is the 61.80 % fibonacci retracement of the last 0.70 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
6- Bearish Divergance in MACD Indicator .
TERABEAM INC (PRXM) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.000 and 3.200, and is currently resisting at 1.968.
TERABEAM INC (PRXM) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.000 and 3.200, and is currently resisting at 1.968.
TERABEAM INC (PRXM) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 2.000 and 3.200, and is currently resisting at 1.968.

Stock Trading Conclusion:
TERABEAM INC (PRXM) was trading in a strong bearish wave, which is becoming stronger .
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. .

Stock Resistance Levels : 1.57, 1.58, 1.65, 1.66, 1.73, 1.73, 1.79, 1.83, 1.97, 2.00,.
Stock Support levels : 1.30, 1.11,.