Today we will analyze the stock MEDIGUS (MDGS.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in MEDIGUS (MDGS.TA)
1- Last bearish trend was from 114.00 $ (4/30/2012) to 102.80 $ (5/1/2012) a 11.20 $ move 2- The current bullish trend started from 102.80 $ at 5/1/2012 and is currently trading at 106.20 $.
3- MDGS.TA current support level is at 105.44 which is the 23.60 % fibonacci retracement of the last 11.20 $ move.
4- MDGS.TA current resistance level is at 107.08 which is the 38.20 % fibonacci retracement of the last 11.20 $ 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.
MEDIGUS (MDGS.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 102.800 and 72.600 that was broken down at 106.200 transforming into a resistance line.
MEDIGUS (MDGS.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 72.600 and 62.900, and is currently supporting at 77.009.
MEDIGUS (MDGS.TA) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MEDIGUS (MDGS.TA) was trading in a strong bullish 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 : 107.08, 108.40, 109.72, 110.35, 114.00, 117.05, 120.92.
Stock Support levels : 105.44, 105.40, 104.90, 104.50, 104.10, 102.80, 77.01,.