Today we will analyze the stock PISCINELLE N (MLPIS.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in PISCINELLE N (MLPIS.PA)
1- Last bullish trend was from 2.22 $ (7/18/2008) to 4.21 $ (7/28/2008) a 1.99 $ move 2- The current bearish trend started from 4.21 $ at 7/28/2008 and is currently trading at 3.50 $.
3- MLPIS.PA current support level is at 3.45 which is the 38.20 % fibonacci retracement of the last 1.99 $ move.
4- MLPIS.PA current resistance level is at 3.74 which is the 23.60 % fibonacci retracement of the last 1.99 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PISCINELLE N (MLPIS.PA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 4.210 .
PISCINELLE N (MLPIS.PA) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 2.220 $ and 4.210 $.

PISCINELLE N (MLPIS.PA) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 2.220 $ and 4.210 $.


Stock Trading Conclusion:
PISCINELLE N (MLPIS.PA) was trading in a bearish 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 : 3.67, 3.74, 3.77, 3.86, 3.94, 4.21,.
Stock Support levels : 3.45, 3.22, 2.98, 2.22, 1.68,.