Stock Technical indicators to notice in MACARTHUR COAL (MCR.DE)
1- Last bearish trend was from 9.40 $ (12/8/2010) to 7.80 $ (3/10/2011) a 1.60 $ move 2- The current bullish trend started from 7.80 $ at 3/10/2011 and is currently trading at 8.60 $.
4- MCR.DE current resistance level is at 8.79 which is the 61.80 % fibonacci retracement of the last 1.60 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
MACARTHUR COAL (MCR.DE) Short term stock chart patterns for internet stock trading :
None.
MACARTHUR COAL (MCR.DE) Mid term stock chart patterns for internet stock trading :
None.
MACARTHUR COAL (MCR.DE) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
MACARTHUR COAL (MCR.DE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 8.79, 9.40, 9.84, 10.39.
Stock Support levels : 8.41, 8.41, 8.29, 8.20, 8.18, 8.11, 7.80,.
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