Today we will analyze the stock MACQUARIE NEXGEN G FUNDS CLASS (MNF.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in MACQUARIE NEXGEN G FUNDS CLASS (MNF.TO)
1- Last bullish trend was from 3.95 $ (4/12/2011) to 4.07 $ (4/14/2011) a 0.12 $ move 2- The current bearish trend started from 4.07 $ at 4/14/2011 and is currently trading at 4.00 $.
3- MNF.TO current support level is at 4.00 which is the 61.80 % fibonacci retracement of the last 0.12 $ move.
4- MNF.TO current resistance level is at 4.01 which is the 50.00 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
MACQUARIE NEXGEN G FUNDS CLASS (MNF.TO) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 0.330 $ height triangle which was broken down at 3.970 in higher than usual volume, target of the pattern is 3.640.
MACQUARIE NEXGEN G FUNDS CLASS (MNF.TO) Mid term stock chart patterns for internet stock trading :

None.
MACQUARIE NEXGEN G FUNDS CLASS (MNF.TO) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.780 and 3.090 that was broken down at 4.030 transforming into a resistance line.

Stock Trading Conclusion:
MACQUARIE NEXGEN G FUNDS CLASS (MNF.TO) was trading in a bearish 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 : 4.00, 4.01, 4.02, 4.02, 4.03, 4.03, 4.04, 4.04, 4.07, 4.93.
Stock Support levels : 4.00, 3.95, 3.92, 3.88,.