Today we will analyze the stock MELKER SCHORLING (MELK.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in MELKER SCHORLING (MELK.ST)
1- Last bearish trend was from 174.00 $ (4/19/2012) to 166.00 $ (4/23/2012) a 8.00 $ move 2- The current bullish trend started from 166.00 $ at 4/23/2012 and is currently trading at 172.70 $.
3- MELK.ST current support level is at 170.94 which is the 61.80 % fibonacci retracement of the last 8.00 $ move.
4- MELK.ST current resistance level is at 174.00 which is the 100.00 % fibonacci retracement of the last 8.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
MELKER SCHORLING (MELK.ST) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 166.000 and 162.400, and is currently supporting at 169.600.
MELKER SCHORLING (MELK.ST) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 162.300 and 128.500 that was broken down at 173.800 transforming into a resistance line.
MELKER SCHORLING (MELK.ST) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 123.000 and 111.600, and is currently supporting at 158.783.

Stock Trading Conclusion:
MELKER SCHORLING (MELK.ST) was trading in a bearish wave, which is becoming stronger .
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 : 174.00, 176.18, 176.51, 178.94.
Stock Support levels : 171.12, 170.94, 170.14, 170.00, 169.60, 169.35, 169.06, 168.56, 167.89, 166.00, 162.47,.