Today we will analyze the stock MEGA OR HOLDINGS (MGOR.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in MEGA OR HOLDINGS (MGOR.TA)
1- Last bearish trend was from 623.00 $ (10/26/2011) to 590.00 $ (11/2/2011) a 33.00 $ move 2- The current bullish trend started from 590.00 $ at 11/2/2011 and is currently trading at 639.00 $.
3- MGOR.TA current support level is at 631.98 which is the 127.20 % fibonacci retracement of the last 33.00 $ move.
4- MGOR.TA current resistance level is at 643.39 which is the 161.80 % fibonacci retracement of the last 33.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
MEGA OR HOLDINGS (MGOR.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 623.000 and 840.000 that was broken up at 606.000 transforming into a supporting line.
MEGA OR HOLDINGS (MGOR.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 851.000 and 937.000 that was broken up at 623.000 transforming into a supporting line.
MEGA OR HOLDINGS (MGOR.TA) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 567.700 and 230.000 that was broken down at 839.800 transforming into a resistance line.

Stock Trading Conclusion:
MEGA OR HOLDINGS (MGOR.TA) was trading in a strong 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 : 643.39, 1,094.07.
Stock Support levels : 631.98, 627.44, 623.00, 620.28, 614.50, 610.39, 608.72, 606.50, 602.61, 597.79, 590.00, 485.57,.