Stock Technical indicators to notice in Midas (MDS)
1- Last bearish trend was from 9.43 $ (2/23/2012) to 8.73 $ (3/5/2012) a 0.70 $ move 2- The current bullish trend started from 8.73 $ at 3/5/2012 and is currently trading at 11.50 $.
Midas (MDS) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 9.430 and 9.520 that was broken up at 11.440 transforming into a supporting line.
Midas (MDS) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 8.730 and 8.010, and is currently supporting at 9.650.
Midas (MDS) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 8.730 and 8.010, and is currently supporting at 9.650.
Stock Trading Conclusion:
Midas (MDS) 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 : .
Stock Support levels : 10.85, 10.44, 10.11, 9.79, 9.65, 8.90,.