Almaden Minerals (AMEX: AAU) (AMEX:AAU) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Almaden Minerals (AAU) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Almaden Minerals (AAU)
1- Last bullish trend was from 0.91 $ (3/2/2010) to 0.96 $ (3/3/2010) a 0.05 $ move 2- The current bearish trend started from 0.96 $ at 3/3/2010 and is currently trading at 0.91 $. 3- AAU current support level is at 0.90 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
4- AAU current resistance level is at 0.91 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Almaden Minerals (AAU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.910 and 0.890 that was broken down at 0.910 transforming into a resistance line.
Almaden Minerals (AAU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.890 .
8- The Stock formed a 0.120 $ height triangle.
Almaden Minerals (AAU) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.140 $ height triangle which was broken down at 0.910 in higher than usual volume, target of the pattern is 0.770.

Stock Trading Conclusion:
Almaden Minerals (AAU) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.922, 0.929, 0.935, 0.941, 0.948, 0.950, 0.960, 1.015.
Stock Support levels : 0.896, 0.890, 0.879,.