Today we will analyze the stock MORGANS HOTEL GRP (M1U.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in MORGANS HOTEL GRP (M1U.F)
1- Last bullish trend was from 3.51 $ (4/20/2012) to 3.76 $ (4/25/2012) a 0.25 $ move 2- The current bearish trend started from 3.76 $ at 4/25/2012 and is currently trading at 3.53 $.
3- M1U.F current support level is at 3.51 which is the 100.00 % fibonacci retracement of the last 0.25 $ move.
4- M1U.F current resistance level is at 3.61 which is the 61.80 % fibonacci retracement of the last 0.25 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
MORGANS HOTEL GRP (M1U.F) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 3.760 .
MORGANS HOTEL GRP (M1U.F) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.760 and 4.140, and is currently resisting at 3.649.
MORGANS HOTEL GRP (M1U.F) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 1.070 $ height triangle which was broken down at 4.440, target of the pattern is 3.370.

Stock Trading Conclusion:
MORGANS HOTEL GRP (M1U.F) 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 : 3.58, 3.61, 3.62, 3.63, 3.64, 3.65, 3.66, 3.67, 3.70, 3.76, 6.22.
Stock Support levels : 3.51, 3.44, 3.37,.