Today we will analyze the stock MITSUBISHI UFJ FINAN (MBFJF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in MITSUBISHI UFJ FINAN (MBFJF.PK)
1- Last bearish trend was from 4.53 $ (10/25/2011) to 4.00 $ (12/20/2011) a 0.53 $ move 2- The current bullish trend started from 4.00 $ at 12/20/2011 and is currently trading at 4.65 $.
3- MBFJF.PK current support level is at 4.53 which is the 100.00 % fibonacci retracement of the last 0.53 $ move.
4- MBFJF.PK current resistance level is at 4.67 which is the 127.20 % fibonacci retracement of the last 0.53 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
MITSUBISHI UFJ FINAN (MBFJF.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 4.530 and 5.270 that was broken up at 4.200 transforming into a supporting line.
MITSUBISHI UFJ FINAN (MBFJF.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 4.530 and 5.270 that was broken up at 4.200 transforming into a supporting line.
MITSUBISHI UFJ FINAN (MBFJF.PK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 4.530 and 5.270 that was broken up at 4.200 transforming into a supporting line.

Stock Trading Conclusion:
MITSUBISHI UFJ FINAN (MBFJF.PK) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 4.67, 4.86.
Stock Support levels : 4.53, 4.50, 4.40, 4.33, 4.32, 4.27, 4.25, 4.20, 4.13, 4.00, 3.60,.