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Friday, March 21, 2008

PC Mall, Inc. (MALL) Technical Analysis

Today we'll analyze the Stock MALL for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 7.78$ (03/18/08) to 7.48$ (03/19/08) a 0.30$ move
2- The current bullish trend started from 7.48$ at 03/19/08 and is currently trading at 14.07$.

3- According to ADX, the trend is currently bullish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Short term chart patterns :
4- The Stock was supported by a support line, identified by two points: 7.48 and 7.06, and is currently supporting at 7.69.
Mid term chart patterns :
5- The Stock formed Double Top Pattern at 7.7 that failed, and formed a support .
6- The Stock was supported by a support line, identified by two points: 7.06 and 6.64, and is currently supporting at 7.312.
Long term chart patterns :
None.

Conclusion:
MALL was trading in a bullish wave, which is becoming stronger .
Technical indicators and 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.
.

Resistance Levels: .
Support Levels: 12.51, 11.55, 10.77, 10.00, 7.72, 7.69, 7.48,.


That's all for today ... thanks for reading the post,
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Shadi
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We Moved!!!

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