Today we will analyze the stock CONSOLIDATED MEDIA H (CMJFF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in CONSOLIDATED MEDIA H (CMJFF.PK)
1- Last bearish trend was from 3.32 $ (2/28/2011) to 2.83 $ (4/4/2012) a 0.49 $ move 2- The current bullish trend started from 2.83 $ at 4/4/2012 and is currently trading at 3.07 $.
3- CMJFF.PK current support level is at 3.02 which is the 38.20 % fibonacci retracement of the last 0.49 $ move.
4- CMJFF.PK current resistance level is at 3.07 which is the 50.00 % fibonacci retracement of the last 0.49 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CONSOLIDATED MEDIA H (CMJFF.PK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 2.830 and 2.400,resistance between 3.320 and 3.100, the stock channel is currently supported from below by 2.852 and resisted from above by 3.619.
CONSOLIDATED MEDIA H (CMJFF.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 2.830 and 2.400,resistance between 3.320 and 3.100, the stock channel is currently supported from below by 2.852 and resisted from above by 3.619.
CONSOLIDATED MEDIA H (CMJFF.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.400 and 1.190 that was broken down at 3.070 transforming into a resistance line.

Stock Trading Conclusion:
CONSOLIDATED MEDIA H (CMJFF.PK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 3.07, 3.13, 3.32, 3.45, 3.62, 4.31.
Stock Support levels : 3.02, 3.01, 2.98, 2.95, 2.95, 2.92, 2.83,.