Today we will analyze the stock MEDCO HEALTH (MH7.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in MEDCO HEALTH (MH7.SG)
1- Last bearish trend was from 48.30 $ (1/10/2012) to 46.72 $ (1/27/2012) a 1.58 $ move 2- The current bullish trend started from 46.72 $ at 1/27/2012 and is currently trading at 48.28 $.
3- MH7.SG current support level is at 47.70 which is the 61.80 % fibonacci retracement of the last 1.58 $ move.
4- MH7.SG current resistance level is at 48.30 which is the 100.00 % fibonacci retracement of the last 1.58 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
MEDCO HEALTH (MH7.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 46.720 and 39.620, and is currently supporting at 47.546.
MEDCO HEALTH (MH7.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 36.210 and 38.680 that was broken up at 37.920 transforming into a supporting line.
MEDCO HEALTH (MH7.SG) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 45.630 that failed, and formed a support .
9- The Stock was resisted by a resistance line, identified by two points: 45.630 and 45.650 that was broken up at 47.970 transforming into a supporting line.

Stock Trading Conclusion:
MEDCO HEALTH (MH7.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 48.30, 48.73, 49.28.
Stock Support levels : 47.91, 47.70, 47.68, 47.55, 47.51, 47.50, 47.32, 47.32, 47.09, 46.72, 45.56,.