Today we will analyze the stock MELISRON (MLSR.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in MELISRON (MLSR.TA)
1- Last bearish trend was from 7,175.00 $ (4/10/2012) to 6,760.00 $ (4/16/2012) a 415.00 $ move 2- The current bullish trend started from 6,760.00 $ at 4/16/2012 and is currently trading at 6,875.00 $.
3- MLSR.TA current support level is at 6,857.94 which is the 23.60 % fibonacci retracement of the last 415.00 $ move.
4- MLSR.TA current resistance level is at 6,918.53 which is the 38.20 % fibonacci retracement of the last 415.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
MELISRON (MLSR.TA) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 6,760.000 and 6,400.000 that was broken down at 6,938.000 transforming into a resistance line.
MELISRON (MLSR.TA) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 6,400.000 and 5,937.420, and is currently supporting at 6,556.565.
MELISRON (MLSR.TA) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 6,580.000 that failed, and formed a support .
9- The Stock formed a 1,486.790 $ height triangle which was broken up at 6,693.000, target of the pattern is 8,179.790.

Stock Trading Conclusion:
MELISRON (MLSR.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 : 6,918.53, 6,967.50, 7,009.23, 7,016.47, 7,175.00, 7,287.88, 7,431.47, 8,179.79.
Stock Support levels : 6,857.94, 6,847.86, 6,831.07, 6,817.50, 6,803.93, 6,760.00, 6,556.57, 6,495.00,.