Stock Technical indicators to notice in GOLDSOURCE MINES (G5M.BE)
1- Last bullish trend was from 0.43 $ (3/29/2011) to 0.54 $ (4/1/2011) a 0.11 $ move 2- The current bearish trend started from 0.54 $ at 4/1/2011 and is currently trading at 0.44 $.
4- G5M.BE current resistance level is at 0.47 which is the 61.80 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GOLDSOURCE MINES (G5M.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.430 and 0.380 that was broken down at 0.460 transforming into a resistance line.
GOLDSOURCE MINES (G5M.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.430 and 0.380 that was broken down at 0.460 transforming into a resistance line.
GOLDSOURCE MINES (G5M.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.540 and 0.600, and is currently resisting at 0.525.
Stock Trading Conclusion:
GOLDSOURCE MINES (G5M.BE) 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 : 0.464, 0.472, 0.478, 0.485, 0.486, 0.490, 0.498, 0.502, 0.514, 0.525, 0.540,.
Stock Support levels : 0.430, 0.400,.
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