Posted in September 6th, 2009
http://www.thestocksprofit.com/amex/msn/

Today we will analyze the stock Emerson Radio Corporation (MSN) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Emerson Radio Corporation (MSN)

1- Last bearish trend was from 1.33 $ (9/1/2009) to 1.27 $ (9/2/2009) a 0.06 $ move

2- The current bullish trend started from 1.27 $ at 9/2/2009 and is currently trading at 1.28 $.

3- MSN current support level is at 1.27 which is the 0.00 % fibonacci retracement of the last 0.06 $ move.

4- MSN current resistance level is at 1.28 which is the 23.60 % fibonacci retracement of the last 0.06 $ move.

5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Emerson Radio Corporation (MSN) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.330 and 1.420 that was broken up at 1.310 transforming into a supporting line.
Emerson Radio Corporation (MSN) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.710 .
Emerson Radio Corporation (MSN) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.710 .

Stock Trading Conclusion:
Emerson Radio Corporation (MSN) was trading in a strong bullish wave, which is becoming stronger .
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 : 1.28, 1.29, 1.30, 1.31, 1.33, 1.35, 1.37.
Stock Support levels : 1.28, 1.28, 1.27, 1.27, 1.27, 1.26, 0.71,.