Stock Technical indicators to notice in MONSTER WORLDWIDE (TMW.HM)
1- Last bullish trend was from 6.14 $ (1/18/2012) to 6.84 $ (1/23/2012) a 0.70 $ move 2- The current bearish trend started from 6.84 $ at 1/23/2012 and is currently trading at 5.41 $.
MONSTER WORLDWIDE (TMW.HM) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 6.140 and 5.720 that was broken down at 5.350 transforming into a resistance line.
MONSTER WORLDWIDE (TMW.HM) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bullish stock channel identifed by support at 6.140 and 4.960,resistance between 6.840 and 6.620 which was broken down at 5.350.
MONSTER WORLDWIDE (TMW.HM) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 4.960 .
7- The Stock formed a 2.010 $ height triangle.
Stock Trading Conclusion:
MONSTER WORLDWIDE (TMW.HM) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 5.75, 5.96, 6.13, 6.29, 6.35, 6.47, 6.84.
Stock Support levels :.
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