Today we will analyze the stock MICHELIN E09 (MLNV.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in MICHELIN E09 (MLNV.PA)
1- Last bullish trend was from 48.01 $ (4/23/2012) to 54.56 $ (5/2/2012) a 6.55 $ move 2- The current bearish trend started from 54.56 $ at 5/2/2012 and is currently trading at 52.00 $.
3- MLNV.PA current support level is at 51.28 which is the 50.00 % fibonacci retracement of the last 6.55 $ move.
4- MLNV.PA current resistance level is at 52.06 which is the 38.20 % fibonacci retracement of the last 6.55 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
MICHELIN E09 (MLNV.PA) Short term stock chart patterns for internet stock trading :

None.
MICHELIN E09 (MLNV.PA) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 48.010 and 47.310, and is currently supporting at 48.175.
MICHELIN E09 (MLNV.PA) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 48.010 and 47.310, and is currently supporting at 48.175.

Stock Trading Conclusion:
MICHELIN E09 (MLNV.PA) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 52.06, 52.60, 52.98, 53.01, 53.28, 53.58, 54.56,.
Stock Support levels : 51.28, 50.51, 48.17, 48.01, 46.23,.