Today we will analyze the stock AXIA NETMEDIA CORP COM NPV (AXX.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in AXIA NETMEDIA CORP COM NPV (AXX.TO)
1- Last bearish trend was from 1.59 $ (3/15/2012) to 1.51 $ (4/25/2012) a 0.08 $ move 2- The current bullish trend started from 1.51 $ at 4/25/2012 and is currently trading at 1.60 $.
3- AXX.TO current support level is at 1.59 which is the 100.00 % fibonacci retracement of the last 0.08 $ move.
4- AXX.TO current resistance level is at 1.61 which is the 127.20 % fibonacci retracement of the last 0.08 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
AXIA NETMEDIA CORP COM NPV (AXX.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.510 and 1.450, and is currently supporting at 1.522.
AXIA NETMEDIA CORP COM NPV (AXX.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.450 and 1.190 that was broken down at 1.550 transforming into a resistance line.
AXIA NETMEDIA CORP COM NPV (AXX.TO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 1.150 that failed, and formed a support .

Stock Trading Conclusion:
AXIA NETMEDIA CORP COM NPV (AXX.TO) was trading in a bullish 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 : 1.61, 1.64, 1.75.
Stock Support levels : 1.59, 1.58, 1.57, 1.56, 1.55, 1.55, 1.54, 1.54, 1.53, 1.52, 1.51,.