Madeco Sa (NYSE: MAD) (NYSE:MAD) Stock Research Trends Targets and Technical Analysis - NYSE New york stock exchange [en]

Today we will analyze the stock Madeco Sa (MAD) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Madeco Sa (MAD)
1- Last bearish trend was from 7.15 $ (7/22/2009) to 6.87 $ (7/24/2009) a 0.28 $ move 2- The current bullish trend started from 6.87 $ at 7/24/2009 and is currently trading at 7.09 $. 3- MAD current support level is at 7.04 which is the 61.80 % fibonacci retracement of the last 0.28 $ move.
4- MAD current resistance level is at 7.15 which is the 100.00 % fibonacci retracement of the last 0.28 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Madeco Sa (MAD) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6.870 and 6.540 that was broken down at 7.090 transforming into a resistance line.
Madeco Sa (MAD) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 6.500 and 4.580,resistance between 7.380 and 4.970 which was broken down at 6.670.
Madeco Sa (MAD) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 6.500 and 4.580 that was broken down at 6.670 transforming into a resistance line.

Stock Trading Conclusion:
Madeco Sa (MAD) 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 : 7.15, 7.23, 7.32, 11.16, 14.79,.
Stock Support levels : 7.04, 7.04, 7.01, 7.01, 6.98, 6.98, 6.95, 6.94, 6.87,.