Today we will analyze the stock PROSPECT CAPTL (RK8.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in PROSPECT CAPTL (RK8.MU)
1- Last bullish trend was from 8.02 $ (4/12/2012) to 8.48 $ (4/26/2012) a 0.46 $ move 2- The current bearish trend started from 8.48 $ at 4/26/2012 and is currently trading at 8.20 $.
3- RK8.MU current support level is at 8.20 which is the 61.80 % fibonacci retracement of the last 0.46 $ move.
4- RK8.MU current resistance level is at 8.25 which is the 50.00 % fibonacci retracement of the last 0.46 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PROSPECT CAPTL (RK8.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.020 and 7.930, and is currently supporting at 8.080.
PROSPECT CAPTL (RK8.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 7.930 and 5.780,resistance between 8.530 and 6.230 which was broken down at 8.140.
PROSPECT CAPTL (RK8.MU) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 8.880 .

Stock Trading Conclusion:
PROSPECT CAPTL (RK8.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 : 8.25, 8.27, 8.30, 8.31, 8.34, 8.37, 8.37, 8.48, 8.59, 8.94.
Stock Support levels : 8.20, 8.08, 8.02, 7.89,.