Today we will analyze the stock BB MEDTECH N (MEDN.SW) for internet stock trading in the SW stock market,
Stock Technical indicators to notice in BB MEDTECH N (MEDN.SW)
1- Last bearish trend was from 46.00 $ (3/10/2010) to 44.00 $ (3/18/2010) a 2.00 $ move 2- The current bullish trend started from 44.00 $ at 3/18/2010 and is currently trading at 45.50 $.
3- MEDN.SW current support level is at 45.24 which is the 61.80 % fibonacci retracement of the last 2.00 $ move.
4- MEDN.SW current resistance level is at 46.00 which is the 100.00 % fibonacci retracement of the last 2.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
BB MEDTECH N (MEDN.SW) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 44.000 and 40.100,resistance between 46.000 and 42.500 which was broken down at 46.000.
BB MEDTECH N (MEDN.SW) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 39.250 and 40.250,resistance between 42.750 and 44.000 which was broken up at 42.100.
BB MEDTECH N (MEDN.SW) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 44.000 that failed, and formed a support .
9- The Stock was supported by a support line, identified by two points: 39.250 and 38.500, and is currently supporting at 41.295.

Stock Trading Conclusion:
BB MEDTECH N (MEDN.SW) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 46.00, 46.54, 46.93, 47.24.
Stock Support levels : 45.24, 45.15, 45.00, 44.93, 44.76, 44.75, 44.57, 44.47, 44.43, 44.00, 41.30,.