Today we will analyze the stock MEDAREX (MAX.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in MEDAREX (MAX.SG)
1- Last bearish trend was from 6.03 $ (7/14/2009) to 5.65 $ (7/20/2009) a 0.38 $ move 2- The current bullish trend started from 5.65 $ at 7/20/2009 and is currently trading at 11.20 $.
3- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
MEDAREX (MAX.SG) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 6.030 that failed, and formed a support .
5- The Stock traded in a bullish stock channel identifed by support at 5.650 and 5.620,resistance between 6.030 and 6.000 which was broken up at 11.080 in higher than usual volume.
MEDAREX (MAX.SG) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 6.030 that failed, and formed a support .
7- The Stock traded in a bullish stock channel identifed by support at 5.650 and 5.620,resistance between 6.030 and 6.000 which was broken up at 11.080 in higher than usual volume.
MEDAREX (MAX.SG) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 4.360 and 3.650, and is currently supporting at 7.301.

Stock Trading Conclusion:
MEDAREX (MAX.SG) was trading in a strong 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 : 9.89, 9.08, 8.42, 7.77, 7.30, 6.21, 6.16, 6.11,.