Today we’ll analyze the stock MCAP Inc (MKP) for internet stock trading in the TSX stock market,
Stock Technical indicators to notice in MCAP Inc (MKP)
1- Last bullish trend was from 9.59$ (12/2/2008) to 10.00$ (12/11/2008) a 0.41$ move
2- The current bearish trend started from 10.00$ at 12/11/2008 and is currently trading at 9.80$.

3- MKP current support level is at 9.80 which is the 50.00% fibonacci retracement of the last 0.41$ move.
4- MKP current resistance level is at 9.84 which is the 38.20% fibonacci retracement of the last 0.41$ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MCAP Inc (MKP) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 10 and 10.11, and is currently resisting at 9.95471.
MCAP Inc (MKP) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 12.9 and 14.27, and is currently resisting at 11.4756.
MCAP Inc (MKP) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MCAP Inc (MKP) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading.
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Stock Resistance Levels : 9.84, 9.85, 9.88, 9.90, 9.90, 9.92, 9.95, 10.00, 10.02, 10.05, 10.08, 11.48, 12.90,.
Stock Support levels : 9.80, 9.75, 9.59, 9.48,.