Today we will analyze the stock Colonial Bancgroup (CNB) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Colonial Bancgroup (CNB)
1- Last bullish trend was from 0.50 $ (8/11/2009) to 0.52 $ (8/12/2009) a 0.02 $ move 2- The current bearish trend started from 0.52 $ at 8/12/2009 and is currently trading at 0.41 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Colonial Bancgroup (CNB) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.040 $ height triangle which was broken down at 0.470, target of the pattern is 0.430.
Colonial Bancgroup (CNB) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 0.490 that failed and formed a resistance.
6- The Stock was resisted by a resistance line, identified by two points: 0.530 and 0.700 that was broken up at 0.500 transforming into a supporting line.
Colonial Bancgroup (CNB) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.700 and 0.720, and is currently resisting at 0.684.

Stock Trading Conclusion:
Colonial Bancgroup (CNB) was trading in a bearish 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 : 0.436, 0.452, 0.465, 0.478, 0.490, 0.520, 0.590, 0.684.
Stock Support levels :.