Stock Technical indicators to notice in MASCO (MSQ.MU)
1- Last bearish trend was from 9.59 $ (4/18/2012) to 9.00 $ (4/24/2012) a 0.59 $ move 2- The current bullish trend started from 9.00 $ at 4/24/2012 and is currently trading at 11.01 $.
MASCO (MSQ.MU) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 9.590 and 10.690 that was broken up at 9.600 transforming into a supporting line.
MASCO (MSQ.MU) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 9.000 and 8.490, and is currently supporting at 9.128.
MASCO (MSQ.MU) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 9.000 and 8.490,resistance between 10.690 and 9.920, the stock channel is currently supported from below by 9.128 and resisted from above by 11.197.
Stock Trading Conclusion:
MASCO (MSQ.MU) was trading in a bullish 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 : .
Stock Support levels : 10.54, 10.24, 10.01, 9.77, 9.13, 9.00,.
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