Today we will analyze the stock MERCATURA COSM BIO (MC9.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in MERCATURA COSM BIO (MC9.SG)
1- Last bullish trend was from 0.16 $ (5/18/2010) to 0.17 $ (5/24/2010) a 0.01 $ move 2- The current bearish trend started from 0.17 $ at 5/24/2010 and is currently trading at 0.09 $.
3- 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.
MERCATURA COSM BIO (MC9.SG) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 0.170 .
5- The Stock formed a 0.020 $ height triangle which was broken down at 0.160, target of the pattern is 0.140.
MERCATURA COSM BIO (MC9.SG) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.150 and 0.130 that was broken down at 0.160 transforming into a resistance line.
MERCATURA COSM BIO (MC9.SG) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.170 .

Stock Trading Conclusion:
MERCATURA COSM BIO (MC9.SG) was trading in a strong bearish 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 : 0.109, 0.121, 0.130, 0.139, 0.170, 0.250, 0.550.
Stock Support levels :.