Today we will analyze the stock CHIP PC (CPPC.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in CHIP PC (CPPC.TA)
1- Last bullish trend was from 7.70 $ (7/28/2011) to 8.50 $ (9/12/2011) a 0.80 $ move 2- The current bearish trend started from 8.50 $ at 9/12/2011 and is currently trading at 8.10 $.
3- CPPC.TA current support level is at 8.01 which is the 61.80 % fibonacci retracement of the last 0.80 $ move.
4- CPPC.TA current resistance level is at 8.10 which is the 50.00 % fibonacci retracement of the last 0.80 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CHIP PC (CPPC.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 2.400 $ height triangle which was broken up at 8.100, target of the pattern is 10.500 which was broken down at 7.800, target of the pattern is 5.400.
CHIP PC (CPPC.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 7.700 and 7.100 that was broken down at 7.800 transforming into a resistance line.
CHIP PC (CPPC.TA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 7.700 and 7.100 that was broken down at 7.800 transforming into a resistance line.

Stock Trading Conclusion:
CHIP PC (CPPC.TA) 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 : 8.19, 8.25, 8.30, 8.31, 8.35, 8.50, 10.50, 19.70,.
Stock Support levels : 8.01, 7.70, 7.48, 7.21, 5.46,.