Stock Technical indicators to notice in Maple Leaf Foods Inc (MFI)
1- Last bearish trend was from 3.30 $ (6/19/2009) to 2.92 $ (6/24/2009) a 0.38 $ move 2- The current bullish trend started from 2.92 $ at 6/24/2009 and is currently trading at 3.65 $.
Maple Leaf Foods Inc (MFI) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 2.920 .
5- The Stock formed a 0.440 $ height triangle which was broken up at 3.260, target of the pattern is 3.700.
Maple Leaf Foods Inc (MFI) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 2.920 .
7- The Stock formed a 0.440 $ height triangle which was broken up at 3.260, target of the pattern is 3.700.
Maple Leaf Foods Inc (MFI) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 2.920 .
9- The Stock formed a 0.830 $ height triangle which was broken up at 3.210 in higher than usual volume, target of the pattern is 4.040.
Stock Trading Conclusion:
Maple Leaf Foods Inc (MFI) 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 : 3.70, 4.04.
Stock Support levels : 3.48, 3.37, 3.29, 3.20, 3.12, 2.92,.
