Stock Technical indicators to notice in PACMAG METALS (P8X.BE)
1- Last bullish trend was from 0.24 $ (3/30/2011) to 0.25 $ (4/4/2011) a 0.01 $ move 2- The current bearish trend started from 0.25 $ at 4/4/2011 and is currently trading at 0.24 $.
4- P8X.BE current resistance level is at 0.24 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PACMAG METALS (P8X.BE) Short term stock chart patterns for internet stock trading :
6- The Stock is trading in a stock channel between 0.240 $ and 0.250 $.
PACMAG METALS (P8X.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.260 and 0.280 that was broken up at 0.240 transforming into a supporting line.
PACMAG METALS (P8X.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.280 .
Stock Trading Conclusion:
PACMAG METALS (P8X.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 : 0.242, 0.244, 0.245, 0.245, 0.246, 0.248, 0.250, 0.280.
Stock Support levels : 0.237, 0.234,.