Today we will analyze the stock ML/CGMD TP 08 (4657C.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in ML/CGMD TP 08 (4657C.PA)
1- Last bearish trend was from 0.90 $ (12/12/2011) to 0.85 $ (12/13/2011) a 0.05 $ move 2- The current bullish trend started from 0.85 $ at 12/13/2011 and is currently trading at 1.02 $.
3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ML/CGMD TP 08 (4657C.PA) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 0.850 and 0.780, and is currently supporting at 0.885.
ML/CGMD TP 08 (4657C.PA) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 0.670 $ height triangle which was broken up at 0.900, target of the pattern is 1.570.
ML/CGMD TP 08 (4657C.PA) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 0.670 $ height triangle which was broken up at 0.900, target of the pattern is 1.570.

Stock Trading Conclusion:
ML/CGMD TP 08 (4657C.PA) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 1.57,.
Stock Support levels : 0.98, 0.96, 0.94, 0.91, 0.89, 0.85, 0.74,.