Today we will analyze the stock Medis Technologies Ltd. (MDTL) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Medis Technologies Ltd. (MDTL)
1- Last bearish trend was from 0.04 $ (8/11/2010) to 0.02 $ (8/30/2010) a 0.02 $ move 2- The current bullish trend started from 0.02 $ at 8/30/2010 and is currently trading at 0.04 $.
3- MDTL current support level is at 0.04 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
4- MDTL current resistance level is at 0.05 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
Medis Technologies Ltd. (MDTL) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.040 .
Medis Technologies Ltd. (MDTL) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.040 .
Medis Technologies Ltd. (MDTL) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.040 .

Stock Trading Conclusion:
Medis Technologies Ltd. (MDTL) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 0.045, 0.052.
Stock Support levels : 0.035, 0.032, 0.030, 0.028, 0.025, 0.020,.