Today we will analyze the stock MILLICOM INT. CELL (MIC-SDB.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in MILLICOM INT. CELL (MIC-SDB.ST)
1- Last bullish trend was from 694.00 $ (4/19/2012) to 720.00 $ (4/27/2012) a 26.00 $ move 2- The current bearish trend started from 720.00 $ at 4/27/2012 and is currently trading at 679.50 $.
3- MIC-SDB.ST current support level is at 677.93 which is the 161.80 % fibonacci retracement of the last 26.00 $ move.
4- MIC-SDB.ST current resistance level is at 686.93 which is the 127.20 % fibonacci retracement of the last 26.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
MILLICOM INT. CELL (MIC-SDB.ST) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 720.000 and 763.000, and is currently resisting at 707.353.
MILLICOM INT. CELL (MIC-SDB.ST) Mid term stock chart patterns for internet stock trading :

None.
MILLICOM INT. CELL (MIC-SDB.ST) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 662.000 and 638.000, and is currently supporting at 679.333.

Stock Trading Conclusion:
MILLICOM INT. CELL (MIC-SDB.ST) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 686.93, 689.06, 694.00, 694.97, 699.75, 703.93, 704.53, 707.00, 707.35, 710.07, 713.86, 720.00,.
Stock Support levels : 679.33,.