Today we will analyze the stock SILVERCREST MINES (CW5.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in SILVERCREST MINES (CW5.MU)
1- Last bullish trend was from 1.58 $ (4/25/2012) to 1.81 $ (5/2/2012) a 0.23 $ move 2- The current bearish trend started from 1.81 $ at 5/2/2012 and is currently trading at 1.47 $.
3- CW5.MU current support level is at 1.44 which is the 161.80 % fibonacci retracement of the last 0.23 $ move.
4- CW5.MU current resistance level is at 1.52 which is the 127.20 % fibonacci retracement of the last 0.23 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
SILVERCREST MINES (CW5.MU) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 1.580 that failed and formed a resistance.
SILVERCREST MINES (CW5.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.810 and 1.840, and is currently resisting at 1.802.
SILVERCREST MINES (CW5.MU) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 1.580 and 1.870,resistance between 1.810 and 2.110 which was broken down at 1.470 in higher than usual volume.

Stock Trading Conclusion:
SILVERCREST MINES (CW5.MU) was trading in a bearish wave, which is becoming stronger .
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 : 1.52, 1.52, 1.55, 1.58, 1.60, 1.64, 1.67, 1.68, 1.69, 1.72, 1.76, 1.77, 1.80, 1.81,.
Stock Support levels : 1.44.