Stock Technical indicators to notice in MONBERG and THORSEN B (MT-B.CO)
1- Last bullish trend was from 152.00 $ (10/29/2012) to 159.50 $ (10/30/2012) a 7.50 $ move 2- The current bearish trend started from 159.50 $ at 10/30/2012 and is currently trading at 150.50 $.
4- MT-B.CO current resistance level is at 152.00 which is the 100.00 % fibonacci retracement of the last 7.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MONBERG and THORSEN B (MT-B.CO) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 152.000 and 175.000,resistance between 159.500 and 184.000, the stock channel is currently supported from below by 144.813 and resisted from above by 151.897.
MONBERG and THORSEN B (MT-B.CO) Mid term stock chart patterns for internet stock trading :
MONBERG and THORSEN B (MT-B.CO) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 184.000 and 240.000, and is currently resisting at 170.092.
Stock Trading Conclusion:
MONBERG and THORSEN B (MT-B.CO) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 152.00, 152.62, 153.94, 154.87, 155.00, 155.75, 156.06, 156.63, 157.73, 159.50, 170.09.
Stock Support levels : 149.96,.