Today we will analyze the stock INTELGENX TECHNOLOGS (IGXT.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in INTELGENX TECHNOLOGS (IGXT.OB)
1- Last bullish trend was from 0.48 $ (4/30/2012) to 0.52 $ (5/4/2012) a 0.04 $ move 2- The current bearish trend started from 0.52 $ at 5/4/2012 and is currently trading at 0.46 $.
3- IGXT.OB current support level is at 0.46 which is the 161.80 % fibonacci retracement of the last 0.04 $ move.
4- IGXT.OB current resistance level is at 0.47 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
INTELGENX TECHNOLOGS (IGXT.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.480 and 0.450 that was broken down at 0.500 transforming into a resistance line.
INTELGENX TECHNOLOGS (IGXT.OB) Mid term stock chart patterns for internet stock trading :

None.
INTELGENX TECHNOLOGS (IGXT.OB) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.520 and 0.550, and is currently resisting at 0.517.

Stock Trading Conclusion:
INTELGENX TECHNOLOGS (IGXT.OB) 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 : 0.469, 0.474, 0.480, 0.483, 0.490, 0.495, 0.497, 0.500, 0.505, 0.510, 0.511, 0.517, 0.520, 0.522.
Stock Support levels : 0.455.