Today we will analyze the stock MEINL AIR INT N (3031508.VI) for internet stock trading in the VI stock market,
Stock Technical indicators to notice in MEINL AIR INT N (3031508.VI)
1- Last bullish trend was from 2.03 $ (8/17/2010) to 2.11 $ (8/24/2010) a 0.08 $ move 2- The current bearish trend started from 2.11 $ at 8/24/2010 and is currently trading at 1.06 $.
3- 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.
MEINL AIR INT N (3031508.VI) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 2.110 .
5- The Stock formed a 0.420 $ height triangle which was broken down at 2.070, target of the pattern is 1.650.
MEINL AIR INT N (3031508.VI) Mid term stock chart patterns for internet stock trading :

MEINL AIR INT N (3031508.VI) Long term stock chart patterns for internet stock trading :


Stock Trading Conclusion:
MEINL AIR INT N (3031508.VI) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.31, 1.46, 1.58, 1.71, 2.10, 2.11, 2.11, 2.11.
Stock Support levels :.