Today we will analyze the stock WAXMAN INDUSTRIES (WXMN.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in WAXMAN INDUSTRIES (WXMN.PK)
1- Last bearish trend was from 2.25 $ (12/27/2011) to 1.78 $ (1/20/2012) a 0.47 $ move 2- The current bullish trend started from 1.78 $ at 1/20/2012 and is currently trading at 2.01 $.
3- WXMN.PK current support level is at 1.96 which is the 38.20 % fibonacci retracement of the last 0.47 $ move.
4- WXMN.PK current resistance level is at 2.01 which is the 50.00 % fibonacci retracement of the last 0.47 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
WAXMAN INDUSTRIES (WXMN.PK) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 1.170 $ height triangle.
WAXMAN INDUSTRIES (WXMN.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.170 $ height triangle.
WAXMAN INDUSTRIES (WXMN.PK) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.170 $ height triangle.

Stock Trading Conclusion:
WAXMAN INDUSTRIES (WXMN.PK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.01, 2.07, 2.25, 2.38, 2.54.
Stock Support levels : 1.96, 1.96, 1.92, 1.89, 1.89, 1.87, 1.78,.