Today we will analyze the stock AXM PHARMA INC (AXMP.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in AXM PHARMA INC (AXMP.PK)
1- Last bullish trend was from 0.01 $ (9/24/2008) to 0.02 $ (9/29/2008) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 9/29/2008 and is currently trading at 0.01 $.
3- AXMP.PK current support level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- AXMP.PK current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
AXM PHARMA INC (AXMP.PK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.010 and 0.020,resistance between 0.020 and 0.030 which was broken up at 0.010 in higher than usual volume.
AXM PHARMA INC (AXMP.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.010 and 0.020,resistance between 0.020 and 0.030 which was broken up at 0.010 in higher than usual volume.
AXM PHARMA INC (AXMP.PK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.010 and 0.020,resistance between 0.020 and 0.030 which was broken up at 0.010 in higher than usual volume.

Stock Trading Conclusion:
AXM PHARMA INC (AXMP.PK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.012, 0.014, 0.015, 0.016, 0.018, 0.020, 0.030.
Stock Support levels : 0.009, 0.007,.