Today we will analyze the stock CHINAGROWTH NORTH AQ (CGNYF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in CHINAGROWTH NORTH AQ (CGNYF.OB)
1- Last bullish trend was from 5.60 $ (8/10/2009) to 6.00 $ (9/21/2009) a 0.40 $ move 2- The current bearish trend started from 6.00 $ at 9/21/2009 and is currently trading at 4.60 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
4- Bullish Divergance in MACD Indicator .
CHINAGROWTH NORTH AQ (CGNYF.OB) Short term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 5.600 and 7.000,resistance between 6.000 and 7.850 which was broken up at 4.600.
CHINAGROWTH NORTH AQ (CGNYF.OB) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 5.600 and 7.000,resistance between 6.000 and 7.850 which was broken up at 4.600.
CHINAGROWTH NORTH AQ (CGNYF.OB) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 5.050 $ height triangle which was broken up at 7.000, target of the pattern is 12.050 which was broken down at 7.000 in higher than usual volume, target of the pattern is 1.950.

Stock Trading Conclusion:
CHINAGROWTH NORTH AQ (CGNYF.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 4.93, 5.13, 5.30, 5.47, 6.00, 12.05, 32.92.
Stock Support levels : 4.13, 1.95,.