Today we will analyze the stock The Exploration Company (TXCO) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in The Exploration Company (TXCO)
1- Last bullish trend was from 0.25 $ (5/19/2009) to 0.40 $ (5/21/2009) a 0.15 $ move 2- The current bearish trend started from 0.40 $ at 5/21/2009 and is currently trading at 0.24 $.
3- TXCO current support level is at 0.21 which is the 127.20 % fibonacci retracement of the last 0.15 $ move.
4- TXCO current resistance level is at 0.25 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
The Exploration Company (TXCO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.400 and 0.580, and is currently resisting at 0.292.
The Exploration Company (TXCO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.400 and 0.580, and is currently resisting at 0.292.
The Exploration Company (TXCO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.400 and 0.580, and is currently resisting at 0.292.

Stock Trading Conclusion:
The Exploration Company (TXCO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.250, 0.278, 0.292, 0.301, 0.307, 0.320, 0.325, 0.339, 0.343, 0.365, 0.400, 0.400, 0.710.
Stock Support levels : 0.209,.