Today we will analyze the stock MILLENNIUM PHARM (MIP.DE) for internet stock trading in the DE stock market,
Stock Technical indicators to notice in MILLENNIUM PHARM (MIP.DE)
1- Last bullish trend was from 8.21 $ (3/10/2008) to 16.19 $ (5/8/2008) a 7.98 $ move 2- The current bearish trend started from 16.19 $ at 5/8/2008 and is currently trading at 15.58 $.
3- MIP.DE current support level is at 14.31 which is the 23.60 % fibonacci retracement of the last 7.98 $ move.
4- MIP.DE current resistance level is at 16.19 which is the 0.00 % fibonacci retracement of the last 7.98 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
MILLENNIUM PHARM (MIP.DE) Short term stock chart patterns for internet stock trading :

None.
MILLENNIUM PHARM (MIP.DE) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 9.690 and 10.500 that was broken up at 9.150 transforming into a supporting line.
MILLENNIUM PHARM (MIP.DE) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 8.210 and 8.800,resistance between 9.690 and 11.400 which was broken up at 9.150.

Stock Trading Conclusion:
MILLENNIUM PHARM (MIP.DE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 15.72, 15.81, 15.89, 15.96, 16.19,.
Stock Support levels : 14.31, 13.14, 12.20, 11.26, 8.21, 7.44, 6.84, 6.04,.