Today we will analyze the stock MTR CORP (MRI.SG) for internet stock trading in the SG stock market,
Stock Technical indicators to notice in MTR CORP (MRI.SG)
1- Last bearish trend was from 2.72 $ (3/9/2012) to 2.61 $ (4/24/2012) a 0.11 $ move 2- The current bullish trend started from 2.61 $ at 4/24/2012 and is currently trading at 2.64 $.
3- MRI.SG current support level is at 2.64 which is the 23.60 % fibonacci retracement of the last 0.11 $ move.
4- MRI.SG current resistance level is at 2.65 which is the 38.20 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
MTR CORP (MRI.SG) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.610 and 2.550, and is currently supporting at 2.622.
MTR CORP (MRI.SG) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.470 $ height triangle which was broken up at 2.400 in higher than usual volume, target of the pattern is 2.870.
MTR CORP (MRI.SG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MTR CORP (MRI.SG) was trading in a bearish wave, which is becoming stronger .
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 : 2.65, 2.66, 2.68, 2.72, 2.75, 2.79, 2.87.
Stock Support levels : 2.64, 2.63, 2.63, 2.63, 2.62, 2.62, 2.61,.