Today we will analyze the stock ERGO SCIENCE CP NEW (ERGN.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in ERGO SCIENCE CP NEW (ERGN.PK)
1- Last bearish trend was from 1.00 $ (4/20/2010) to 0.70 $ (4/21/2010) a 0.30 $ move 2- The current bullish trend started from 0.70 $ at 4/21/2010 and is currently trading at 0.81 $.
3- ERGN.PK current support level is at 0.77 which is the 23.60 % fibonacci retracement of the last 0.30 $ move.
4- ERGN.PK current resistance level is at 0.81 which is the 38.20 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ERGO SCIENCE CP NEW (ERGN.PK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.000 .
ERGO SCIENCE CP NEW (ERGN.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 1.000 .
ERGO SCIENCE CP NEW (ERGN.PK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 1.000 .

Stock Trading Conclusion:
ERGO SCIENCE CP NEW (ERGN.PK) 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 : 0.815, 0.850, 0.885, 1.000, 1.082, 1.185.
Stock Support levels : 0.784, 0.771, 0.768, 0.755, 0.742, 0.700,.