MEDIA 6 (Paris: EDI.PA) (EPA:EDI) Stock Research Trends Targets and Technical Analysis - Euronext paris stock exchange [en]

Today we will analyze the stock MEDIA 6 (EDI.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in MEDIA 6 (EDI.PA)
1- Last bearish trend was from 5.53 $ (1/22/2010) to 4.25 $ (3/9/2010) a 1.28 $ move 2- The current bullish trend started from 4.25 $ at 3/9/2010 and is currently trading at 4.44 $. 3- EDI.PA current support level is at 4.25 which is the 0.00 % fibonacci retracement of the last 1.28 $ move.
4- EDI.PA current resistance level is at 4.55 which is the 23.60 % fibonacci retracement of the last 1.28 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MEDIA 6 (EDI.PA) Short term stock chart patterns for internet stock trading :

None.
MEDIA 6 (EDI.PA) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 4.430 and 4.080,resistance between 5.530 and 4.950 which was broken down at 5.090.
MEDIA 6 (EDI.PA) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 4.430 and 4.080,resistance between 5.530 and 4.950 which was broken down at 5.090.

Stock Trading Conclusion:
MEDIA 6 (EDI.PA) was trading in a strong bearish wave, which is becoming stronger .
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 : 4.55, 4.74, 4.89, 5.04, 5.53, 5.88, 6.32, 6.35,.
Stock Support levels : 4.40, 4.37, 4.35, 4.32, 4.25,.