Stock Technical indicators to notice in MERCURY COMPUTER (MCY.DE)
1- Last bearish trend was from 9.66 $ (6/14/2007) to 7.55 $ (2/9/2010) a 2.11 $ move 2- The current bullish trend started from 7.55 $ at 2/9/2010 and is currently trading at 10.12 $.
4- MCY.DE current resistance level is at 10.23 which is the 127.20 % fibonacci retracement of the last 2.11 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MERCURY COMPUTER (MCY.DE) Short term stock chart patterns for internet stock trading :
None.
MERCURY COMPUTER (MCY.DE) Mid term stock chart patterns for internet stock trading :
None.
MERCURY COMPUTER (MCY.DE) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
MERCURY COMPUTER (MCY.DE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 10.23, 10.96.
Stock Support levels : 9.66, 9.51, 9.14, 8.85, 8.84, 8.60, 8.53, 8.36, 8.05, 7.55,.
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