Today we will analyze the stock METROMEDIA INTL GROUP INC (MTRM.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in METROMEDIA INTL GROUP INC (MTRM.PK)
1- Last bearish trend was from 1.83 $ (8/15/2007) to 1.75 $ (8/16/2007) a 0.08 $ move 2- The current bullish trend started from 1.75 $ at 8/16/2007 and is currently trading at 1.80 $.
3- MTRM.PK current support level is at 1.80 which is the 61.80 % fibonacci retracement of the last 0.08 $ move.
4- MTRM.PK current resistance level is at 1.83 which is the 100.00 % fibonacci retracement of the last 0.08 $ 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.
METROMEDIA INTL GROUP INC (MTRM.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.750 and 1.740 that was broken down at 1.790 transforming into a resistance line.
METROMEDIA INTL GROUP INC (MTRM.PK) Mid term stock chart patterns for internet stock trading :

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METROMEDIA INTL GROUP INC (MTRM.PK) Long term stock chart patterns for internet stock trading :

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Stock Trading Conclusion:
METROMEDIA INTL GROUP INC (MTRM.PK) was trading in a strong bullish 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 : 1.83, 1.85, 1.88, 1.90.
Stock Support levels : 1.80, 1.79, 1.79, 1.78, 1.78, 1.77, 1.77, 1.77, 1.75,.