Stock Technical indicators to notice in MAXJET AIRWAY REG-S (MAXJ.L)
1- Last bullish trend was from 116.00 $ (10/4/2007) to 120.00 $ (10/9/2007) a 4.00 $ move 2- The current bearish trend started from 120.00 $ at 10/9/2007 and is currently trading at 73.50 $.
MAXJET AIRWAY REG-S (MAXJ.L) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 120.000 .
5- The Stock formed a 5.000 $ height triangle which was broken down at 114.500, target of the pattern is 109.500.
MAXJET AIRWAY REG-S (MAXJ.L) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 115.000 and 125.000,resistance between 123.000 and 136.000 which was broken down at 75.000 in higher than usual volume.
MAXJET AIRWAY REG-S (MAXJ.L) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
MAXJET AIRWAY REG-S (MAXJ.L) was trading in a strong bearish wave, which is becoming stronger .
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 : 82.08, 84.47, 91.26, 96.75, 102.24, 118.71, 120.00,.
Stock Support levels :.
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