Today we will analyze the stock MANDALAY RESOURCES (R7X.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in MANDALAY RESOURCES (R7X.MU)
1- Last bullish trend was from 0.03 $ (7/1/2008) to 0.04 $ (7/3/2008) a 0.01 $ move 2- The current bearish trend started from 0.04 $ at 7/3/2008 and is currently trading at 0.03 $.
3- R7X.MU current support level is at 0.03 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- R7X.MU current resistance level is at 0.03 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MANDALAY RESOURCES (R7X.MU) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.030 $ and 0.040 $.

MANDALAY RESOURCES (R7X.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.030 $ and 0.040 $.

MANDALAY RESOURCES (R7X.MU) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.030 $ and 0.040 $.


Stock Trading Conclusion:
MANDALAY RESOURCES (R7X.MU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.032, 0.034, 0.035, 0.036, 0.036, 0.038, 0.040,.
Stock Support levels : 0.027,.