Today we will 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 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 9.97 $.
3- MKP current support level is at 9.79 which is the 61.80 % fibonacci retracement of the last 0.55 $ move.
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 bullish,which is becoming weaker.
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 which was broken up at 9.970 in higher than usual volume.
MCAP Inc (MKP) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MCAP Inc (MKP) 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 : 10.00, 10.15, 10.34.
Stock Support levels : 9.94, 9.85, 9.79, 9.77, 9.73, 9.71, 9.66, 9.65, 9.58, 9.45,.

Hot Stocks in market

  • Today
  • Week
  • Month