Today we will analyze the stock CHINA FOREST INDUST (MLCFI.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in CHINA FOREST INDUST (MLCFI.PA)
1- Last bearish trend was from 12.10 $ (4/2/2012) to 8.10 $ (4/3/2012) a 4.00 $ move 2- The current bullish trend started from 8.10 $ at 4/3/2012 and is currently trading at 12.10 $.
3- MLCFI.PA current support level is at 12.10 which is the 100.00 % fibonacci retracement of the last 4.00 $ move.
4- MLCFI.PA current resistance level is at 13.19 which is the 127.20 % fibonacci retracement of the last 4.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
CHINA FOREST INDUST (MLCFI.PA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 12.100 .
7- The Stock formed a 6.100 $ height triangle.
CHINA FOREST INDUST (MLCFI.PA) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 12.100 .
9- The Stock formed a 6.100 $ height triangle.
CHINA FOREST INDUST (MLCFI.PA) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 12.100 .
11- The Stock formed a 6.100 $ height triangle.

Stock Trading Conclusion:
CHINA FOREST INDUST (MLCFI.PA) was trading in a strong bullish 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 : 13.19, 14.57.
Stock Support levels : 11.16, 10.57, 10.10, 9.63, 9.04, 8.10,.