Today we will analyze the stock MICROMEDIC (MCTC.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in MICROMEDIC (MCTC.TA)
1- Last bullish trend was from 190.00 $ (4/2/2012) to 237.80 $ (4/19/2012) a 47.80 $ move 2- The current bearish trend started from 237.80 $ at 4/19/2012 and is currently trading at 220.90 $.
3- MCTC.TA current support level is at 219.54 which is the 38.20 % fibonacci retracement of the last 47.80 $ move.
4- MCTC.TA current resistance level is at 226.52 which is the 23.60 % fibonacci retracement of the last 47.80 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MICROMEDIC (MCTC.TA) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 190.000 .
MICROMEDIC (MCTC.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 190.000 .
MICROMEDIC (MCTC.TA) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 190.000 .
9- The Stock formed a 40.100 $ height triangle which was broken up at 212.600 in higher than usual volume, target of the pattern is 252.700.

Stock Trading Conclusion:
MICROMEDIC (MCTC.TA) was trading in a bearish 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 : 224.89, 226.52, 227.36, 229.35, 231.34, 237.80, 252.70.
Stock Support levels : 219.54, 213.90, 208.26, 193.87, 190.09, 190.04, 190.00, 177.00,.