Stock Technical indicators to notice in MOUCHEL GROUP (MCHL.L)
1- Last bearish trend was from 7.75 $ (4/23/2012) to 5.55 $ (5/1/2012) a 2.20 $ move 2- The current bullish trend started from 5.55 $ at 5/1/2012 and is currently trading at 5.88 $.
4- MCHL.L current resistance level is at 6.07 which is the 23.60 % fibonacci retracement of the last 2.20 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
MOUCHEL GROUP (MCHL.L) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 7.750 and 8.340, and is currently resisting at 6.865.
MOUCHEL GROUP (MCHL.L) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 8.340 and 17.500 that was broken up at 8.000 transforming into a supporting line.
MOUCHEL GROUP (MCHL.L) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 8.340 and 17.500 that was broken up at 8.000 transforming into a supporting line.
Stock Trading Conclusion:
MOUCHEL GROUP (MCHL.L) was trading in a strong bearish wave, which is becoming stronger .
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 : 6.07, 6.39, 6.65, 6.86, 6.91, 7.75, 8.35, 9.11.
Stock Support levels : 5.80, 5.75, 5.72, 5.68, 5.55, 0.71,.
