Today we will analyze the stock MICAP (MIC.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in MICAP (MIC.L)
1- Last bearish trend was from 0.47 $ (8/12/2008) to 0.25 $ (8/13/2008) a 0.22 $ move 2- The current bullish trend started from 0.25 $ at 8/13/2008 and is currently trading at 0.37 $.
3- MIC.L current support level is at 0.36 which is the 50.00 % fibonacci retracement of the last 0.22 $ move.
4- MIC.L current resistance level is at 0.39 which is the 61.80 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
MICAP (MIC.L) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.470 .
7- The Stock formed a 0.230 $ height triangle.
MICAP (MIC.L) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.470 .
9- The Stock formed a 0.230 $ height triangle.
MICAP (MIC.L) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.470 .
11- The Stock formed a 0.230 $ height triangle.

Stock Trading Conclusion:
MICAP (MIC.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 : 0.386, 0.470, 0.530, 0.590, 0.606.
Stock Support levels : 0.360, 0.342, 0.334, 0.324, 0.310, 0.302, 0.296, 0.250,.