Today we will analyze the stock COSENTINO SIGNATURE (MCOZ.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in COSENTINO SIGNATURE (MCOZ.L)
1- Last bullish trend was from 2.75 $ (6/9/2010) to 3.12 $ (6/29/2010) a 0.37 $ move 2- The current bearish trend started from 3.12 $ at 6/29/2010 and is currently trading at 2.88 $.
3- MCOZ.L current support level is at 2.75 which is the 100.00 % fibonacci retracement of the last 0.37 $ move.
4- MCOZ.L current resistance level is at 2.89 which is the 61.80 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
COSENTINO SIGNATURE (MCOZ.L) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 3.120 .
COSENTINO SIGNATURE (MCOZ.L) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 2.750 and 3.250,resistance between 3.120 and 3.620, the stock channel is currently supported from below by 2.553 and resisted from above by 3.107.
COSENTINO SIGNATURE (MCOZ.L) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 3.620 and 5.500 that was broken up at 3.120 transforming into a supporting line.

Stock Trading Conclusion:
COSENTINO SIGNATURE (MCOZ.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 : 2.89, 2.93, 2.94, 2.97, 2.98, 3.00, 3.03, 3.03, 3.12,.
Stock Support levels : 2.75, 2.65, 2.52,.