Today we will analyze the stock MODIIN ENERGY (MDIN-L-M.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in MODIIN ENERGY (MDIN-L-M.TA)
1- Last bearish trend was from 36.30 $ (4/24/2012) to 33.90 $ (5/2/2012) a 2.40 $ move 2- The current bullish trend started from 33.90 $ at 5/2/2012 and is currently trading at 35.70 $.
3- MDIN-L-M.TA current support level is at 35.38 which is the 61.80 % fibonacci retracement of the last 2.40 $ move.
4- MDIN-L-M.TA current resistance level is at 36.30 which is the 100.00 % fibonacci retracement of the last 2.40 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
MODIIN ENERGY (MDIN-L-M.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 33.900 and 33.000, and is currently supporting at 33.956.
MODIIN ENERGY (MDIN-L-M.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 33.000 and 28.800 that was broken down at 35.700 transforming into a resistance line.
MODIIN ENERGY (MDIN-L-M.TA) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 13.000 $ height triangle which was broken up at 30.800 in higher than usual volume, target of the pattern is 43.800.

Stock Trading Conclusion:
MODIIN ENERGY (MDIN-L-M.TA) was trading in a bullish 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 : 36.30, 36.95, 36.97, 37.78, 43.80.
Stock Support levels : 35.38, 35.28, 35.10, 35.01, 34.82, 34.80, 34.59, 34.47, 33.96, 33.90,.