MIGAO CORP (: MGO) (:MGO) Stock Research Trends Targets and Technical Analysis - [en]

Today we will analyze the stock MIGAO CORP (MGO) for internet stock trading in the TSX stock market,
Stock Technical indicators to notice in MIGAO CORP (MGO)
1- Last bearish trend was from 143.00 $ (6/29/2009) to 128.16 $ (7/7/2009) a 14.84 $ move 2- The current bullish trend started from 128.16 $ at 7/7/2009 and is currently trading at 149.55 $. 3- MGO current support level is at 147.04 which is the 127.20 % fibonacci retracement of the last 14.84 $ move.
4- MGO current resistance level is at 152.17 which is the 161.80 % fibonacci retracement of the last 14.84 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
MIGAO CORP (MGO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 143.000 and 166.270 that was broken up at 131.530 transforming into a supporting line.
MIGAO CORP (MGO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 143.000 and 166.270 that was broken up at 131.530 transforming into a supporting line.
MIGAO CORP (MGO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MIGAO CORP (MGO) 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 : 152.17.
Stock Support levels : 147.04, 144.50, 143.00, 141.38, 138.86, 137.33, 136.33, 135.58, 133.83, 131.66, 128.16, 115.85,.