Today we will analyze the stock NEXICON INC NEW (NXCO.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in NEXICON INC NEW (NXCO.PK)
1- Last bullish trend was from 0.03 $ (9/25/2008) to 0.05 $ (9/30/2008) a 0.02 $ move 2- The current bearish trend started from 0.05 $ at 9/30/2008 and is currently trading at 0.02 $.
3- NXCO.PK current support level is at 0.02 which is the 161.80 % fibonacci retracement of the last 0.02 $ move.
4- NXCO.PK current resistance level is at 0.02 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
NEXICON INC NEW (NXCO.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.060, and is currently resisting at 0.021.
NEXICON INC NEW (NXCO.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.060, and is currently resisting at 0.021.
NEXICON INC NEW (NXCO.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.060, and is currently resisting at 0.021.

Stock Trading Conclusion:
NEXICON INC NEW (NXCO.PK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.021, 0.025, 0.027, 0.030, 0.031, 0.035, 0.038, 0.039, 0.040, 0.042, 0.045, 0.050, 0.050.
Stock Support levels : 0.018.