Today we will analyze the stock CONERGY (CGY.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in CONERGY (CGY.SG)
1- Last bullish trend was from 0.28 $ (6/20/2011) to 0.29 $ (6/21/2011) a 0.01 $ move 2- The current bearish trend started from 0.29 $ at 6/21/2011 and is currently trading at 0.25 $.
3- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CONERGY (CGY.SG) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 0.290 and 0.310 that was broken up at 0.280 transforming into a supporting line.
CONERGY (CGY.SG) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 0.290 that failed and formed a resistance.
6- The Stock formed Double Top Pattern at 0.310 .
CONERGY (CGY.SG) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.380 and 0.400, and is currently resisting at 0.358.

Stock Trading Conclusion:
CONERGY (CGY.SG) was trading in a bearish wave, which is becoming stronger .
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 : 0.259, 0.265, 0.270, 0.275, 0.290, 0.310, 0.358.
Stock Support levels :.