Stock Technical indicators to notice in Manulife Financial Corp (MFC)
1- Last bearish trend was from 16.10 $ (8/2/2010) to 11.05 $ (8/26/2010) a 5.05 $ move 2- The current bullish trend started from 11.05 $ at 8/26/2010 and is currently trading at 11.89 $.
4- MFC current resistance level is at 12.24 which is the 23.60 % fibonacci retracement of the last 5.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Manulife Financial Corp (MFC) Short term stock chart patterns for internet stock trading :
None.
Manulife Financial Corp (MFC) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 16.100 and 17.100, and is currently resisting at 15.563.
Manulife Financial Corp (MFC) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 16.100 and 17.100, and is currently resisting at 15.563.
Stock Trading Conclusion:
Manulife Financial Corp (MFC) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 12.24, 12.98, 13.58, 14.17, 15.56, 16.10, 17.47, 19.22.
Stock Support levels : 11.69, 11.57, 11.47, 11.37, 11.05,.