Today we will analyze the stock MELCO CHINA RESORTS (HOLDING) L (MCG.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MELCO CHINA RESORTS (HOLDING) L (MCG.V)
1- Last bullish trend was from 0.07 $ (4/3/2012) to 0.11 $ (4/4/2012) a 0.04 $ move 2- The current bearish trend started from 0.11 $ at 4/4/2012 and is currently trading at 0.05 $.
3- MCG.V current support level is at 0.05 which is the 161.80 % fibonacci retracement of the last 0.04 $ move.
4- MCG.V current resistance level is at 0.06 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MELCO CHINA RESORTS (HOLDING) L (MCG.V) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.110 and 0.130, and is currently resisting at 0.086.
MELCO CHINA RESORTS (HOLDING) L (MCG.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.110 and 0.130, and is currently resisting at 0.086.
MELCO CHINA RESORTS (HOLDING) L (MCG.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.070 that failed and formed a resistance.
9- The Stock was resisted by a resistance line, identified by two points: 0.110 and 0.130, and is currently resisting at 0.086.

Stock Trading Conclusion:
MELCO CHINA RESORTS (HOLDING) L (MCG.V) was trading in a strong bearish wave, which is becoming stronger .
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. .

Stock Resistance Levels : 0.059, 0.064, 0.070, 0.073, 0.080, 0.085, 0.086, 0.087, 0.090, 0.095, 0.101, 0.110,.
Stock Support levels : 0.045.