Today we will analyze the stock MEDICPEN (MPEN.ST) for internet stock trading in the ST stock market,
Stock Technical indicators to notice in MEDICPEN (MPEN.ST)
1- Last bearish trend was from 2.35 $ (3/22/2011) to 2.21 $ (3/24/2011) a 0.14 $ move 2- The current bullish trend started from 2.21 $ at 3/24/2011 and is currently trading at 2.75 $.
3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
MEDICPEN (MPEN.ST) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 2.350 that failed, and formed a support .
5- The Stock was resisted by a resistance line, identified by two points: 2.350 and 2.360 that was broken up at 2.400 transforming into a supporting line.
MEDICPEN (MPEN.ST) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 2.210 .
7- The Stock formed a 0.240 $ height triangle which was broken up at 2.400 in higher than usual volume, target of the pattern is 2.640.
MEDICPEN (MPEN.ST) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 2.450 and 2.500 that was broken up at 2.350 transforming into a supporting line.

Stock Trading Conclusion:
MEDICPEN (MPEN.ST) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : .
Stock Support levels : 2.62, 2.54, 2.48, 2.42, 2.34, 2.28, 2.21, 2.21,.