Stock Technical indicators to notice in ROMARCO MINERALS (M1R.F)
1- Last bullish trend was from 0.67 $ (5/2/2012) to 0.76 $ (5/3/2012) a 0.09 $ move 2- The current bearish trend started from 0.76 $ at 5/3/2012 and is currently trading at 0.75 $.
4- M1R.F current resistance level is at 0.76 which is the 0.00 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ROMARCO MINERALS (M1R.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.760 .
7- The Stock formed a 0.100 $ height triangle.
ROMARCO MINERALS (M1R.F) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.670 and 0.660, and is currently supporting at 0.675.
ROMARCO MINERALS (M1R.F) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bullish stock channel identifed by support at 0.670 and 0.660,resistance between 0.760 and 0.730, the stock channel is currently supported from below by 0.678 and resisted from above by 0.771.
Stock Trading Conclusion:
ROMARCO MINERALS (M1R.F) was trading in a bullish 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 : 0.752, 0.754, 0.755, 0.756, 0.760,.
Stock Support levels : 0.739, 0.726, 0.715, 0.704, 0.675, 0.670, 0.646,.
