Today we will analyze the stock CARMANAH TECH CORP (CMHXF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in CARMANAH TECH CORP (CMHXF.PK)
1- Last bearish trend was from 0.51 $ (3/27/2012) to 0.47 $ (4/12/2012) a 0.04 $ move 2- The current bullish trend started from 0.47 $ at 4/12/2012 and is currently trading at 0.49 $.
3- CMHXF.PK current support level is at 0.49 which is the 50.00 % fibonacci retracement of the last 0.04 $ move.
4- CMHXF.PK current resistance level is at 0.49 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CARMANAH TECH CORP (CMHXF.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.470 and 0.440, and is currently supporting at 0.488.
CARMANAH TECH CORP (CMHXF.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.440 and 0.400, and is currently supporting at 0.490.
CARMANAH TECH CORP (CMHXF.PK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.370 and 0.430,resistance between 0.480 and 0.500 which was broken up at 0.430.

Stock Trading Conclusion:
CARMANAH TECH CORP (CMHXF.PK) was trading in a bullish wave, which is becoming weaker .
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 : 0.495, 0.510, 0.521, 0.535.
Stock Support levels : 0.490, 0.488, 0.485, 0.482, 0.480, 0.479, 0.478, 0.470,.