Stock Technical indicators to notice in MCAP Inc (MKP)
1- Last bearish trend was from 10.00 $ (12/11/2008) to 9.45 $ (3/10/2009) a 0.55 $ move 2- The current bullish trend started from 9.45 $ at 3/10/2009 and is currently trading at 9.95 $.
4- MKP current resistance level is at 10.00 which is the 100.00 % fibonacci retracement of the last 0.55 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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: 10.000 and 10.110 that was broken up at 9.710 transforming into a supporting line.
MCAP Inc (MKP) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 9.450 and 11.970,resistance between 12.900 and 14.270, the stock channel is currently supported from below by 8.650 and resisted from above by 10.341.
MCAP Inc (MKP) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
MCAP Inc (MKP) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 10.00, 10.15, 10.34.
Stock Support levels : 9.83, 9.79, 9.76, 9.73, 9.70, 9.66, 9.64, 9.58, 9.55, 9.45,.
