Stock Technical indicators to notice in MEDIANTIS (BDE.DU)
1- Last bullish trend was from 1.67 $ (3/18/2008) to 1.75 $ (3/24/2008) a 0.08 $ move 2- The current bearish trend started from 1.75 $ at 3/24/2008 and is currently trading at 1.60 $.
MEDIANTIS (BDE.DU) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.170 $ height triangle which was broken down at 1.650, target of the pattern is 1.480.
MEDIANTIS (BDE.DU) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 1.800 and 2.200, and is currently resisting at 1.718.
MEDIANTIS (BDE.DU) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.800 and 2.200, and is currently resisting at 1.718.
Stock Trading Conclusion:
MEDIANTIS (BDE.DU) 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 : 1.64, 1.66, 1.67, 1.69, 1.72, 1.73, 1.75, 1.80.
Stock Support levels : 1.48.
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