Today we will analyze the stock MOTIVCOM (MCM.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in MOTIVCOM (MCM.L)
1- Last bullish trend was from 68.25 $ (1/3/2012) to 89.85 $ (1/27/2012) a 21.60 $ move 2- The current bearish trend started from 89.85 $ at 1/27/2012 and is currently trading at 89.00 $.
3- MCM.L current support level is at 84.75 which is the 23.60 % fibonacci retracement of the last 21.60 $ move.
4- MCM.L current resistance level is at 89.85 which is the 0.00 % fibonacci retracement of the last 21.60 $ 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.
MOTIVCOM (MCM.L) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 68.250 .
MOTIVCOM (MCM.L) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 68.000 and 63.000,resistance between 73.490 and 69.500 which was broken up at 79.000.
MOTIVCOM (MCM.L) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MOTIVCOM (MCM.L) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 89.20, 89.32, 89.43, 89.53, 89.85,.
Stock Support levels : 84.75, 81.60, 79.05, 78.40, 76.50, 69.21, 68.79, 68.38, 68.25, 62.37,.