Today we will analyze the stock MALAM SYS (MLAM.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in MALAM SYS (MLAM.TA)
1- Last bullish trend was from 4,839.00 $ (10/2/2007) to 5,149.00 $ (10/18/2007) a 310.00 $ move 2- The current bearish trend started from 5,149.00 $ at 10/18/2007 and is currently trading at 4,721.00 $.
3- MLAM.TA current support level is at 4,647.42 which is the 161.80 % fibonacci retracement of the last 310.00 $ move.
4- MLAM.TA current resistance level is at 4,754.68 which is the 127.20 % fibonacci retracement of the last 310.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
MALAM SYS (MLAM.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5,149.000 and 5,389.000, and is currently resisting at 5,099.000.
MALAM SYS (MLAM.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1,913.000 $ height triangle which was broken down at 4,721.000 in higher than usual volume, target of the pattern is 2,808.000.
MALAM SYS (MLAM.TA) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MALAM SYS (MLAM.TA) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 4,754.68, 4,822.01, 4,839.00, 4,884.50, 4,935.00, 4,937.56, 4,957.42, 4,985.50, 4,994.00, 5,030.58, 5,075.84, 5,099.00, 5,149.00, 5,208.70, 5,387.10, 5,388.10.
Stock Support levels : 4,647.42,.