Today we will analyze the stock MARKS and SPENCER (MKS.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in MARKS and SPENCER (MKS.L)
1- Last bullish trend was from 363.40 $ (4/10/2012) to 375.30 $ (4/12/2012) a 11.90 $ move 2- The current bearish trend started from 375.30 $ at 4/12/2012 and is currently trading at 344.50 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MARKS and SPENCER (MKS.L) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 39.700 $ height triangle which was broken down at 358.700 in higher than usual volume, target of the pattern is 319.000.
MARKS and SPENCER (MKS.L) Mid term stock chart patterns for internet stock trading :

None.
MARKS and SPENCER (MKS.L) Long term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 302.700 .

Stock Trading Conclusion:
MARKS and SPENCER (MKS.L) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 351.77, 356.27, 359.90, 363.53, 374.04, 375.30.
Stock Support levels : 319.00,.