Today we will analyze the stock GENOWAY (ALGEN.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in GENOWAY (ALGEN.PA)
1- Last bearish trend was from 2.60 $ (4/13/2012) to 2.35 $ (4/23/2012) a 0.25 $ move 2- The current bullish trend started from 2.35 $ at 4/23/2012 and is currently trading at 2.48 $.
3- ALGEN.PA current support level is at 2.47 which is the 50.00 % fibonacci retracement of the last 0.25 $ move.
4- ALGEN.PA current resistance level is at 2.50 which is the 61.80 % fibonacci retracement of the last 0.25 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
GENOWAY (ALGEN.PA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.600 and 3.090 that was broken up at 2.450 transforming into a supporting line.
GENOWAY (ALGEN.PA) Mid term stock chart patterns for internet stock trading :

None.
GENOWAY (ALGEN.PA) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.610 and 2.180 that was broken down at 3.000 transforming into a resistance line.

Stock Trading Conclusion:
GENOWAY (ALGEN.PA) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.50, 2.60, 2.67, 2.75, 3.33.
Stock Support levels : 2.47, 2.45, 2.45, 2.43, 2.41, 2.41, 2.40, 2.35,.