Today we will analyze the stock MEDICULT (MEC.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in MEDICULT (MEC.OL)
1- Last bullish trend was from 10.05 $ (6/3/2009) to 11.00 $ (6/22/2009) a 0.95 $ move 2- The current bearish trend started from 11.00 $ at 6/22/2009 and is currently trading at 10.40 $.
3- MEC.OL current support level is at 10.05 which is the 100.00 % fibonacci retracement of the last 0.95 $ move.
4- MEC.OL current resistance level is at 10.41 which is the 61.80 % fibonacci retracement of the last 0.95 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
MEDICULT (MEC.OL) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 10.050 and 13.000,resistance between 11.000 and 14.500, the stock channel is currently supported from below by 7.411 and resisted from above by 10.481.
MEDICULT (MEC.OL) Mid term stock chart patterns for internet stock trading :

None.
MEDICULT (MEC.OL) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MEDICULT (MEC.OL) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 10.41, 10.52, 10.54, 10.63, 10.64, 10.70, 10.77, 10.78, 11.00,.
Stock Support levels : 10.05, 9.79,.