Stock Technical indicators to notice in M-REAL -B- (MSRB.MU)
1- Last bullish trend was from 1.97 $ (4/24/2012) to 2.16 $ (5/3/2012) a 0.19 $ move 2- The current bearish trend started from 2.16 $ at 5/3/2012 and is currently trading at 2.00 $.
4- MSRB.MU current resistance level is at 2.04 which is the 61.80 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
M-REAL -B- (MSRB.MU) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.970 and 1.930 that was broken down at 2.000 transforming into a resistance line.
M-REAL -B- (MSRB.MU) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.160 and 2.190, and is currently resisting at 2.158.
M-REAL -B- (MSRB.MU) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.190 and 2.220, and is currently resisting at 2.134.
Stock Trading Conclusion:
M-REAL -B- (MSRB.MU) was trading in a bearish wave, which is becoming weaker .
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 : 2.03, 2.04, 2.04, 2.06, 2.07, 2.08, 2.09, 2.10, 2.12, 2.13, 2.16, 2.16,.
Stock Support levels : 1.97, 1.92,.
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