Stock Technical indicators to notice in JOURNEY RESOURCES (JNYRF.OB)
1- Last bullish trend was from 0.25 $ (2/8/2011) to 0.26 $ (2/15/2011) a 0.01 $ move 2- The current bearish trend started from 0.26 $ at 2/15/2011 and is currently trading at 0.24 $.
JOURNEY RESOURCES (JNYRF.OB) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.050 $ height triangle which was broken down at 0.260, target of the pattern is 0.210.
JOURNEY RESOURCES (JNYRF.OB) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Top Pattern at 0.270 .
JOURNEY RESOURCES (JNYRF.OB) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.270 .
7- The Stock formed a 0.090 $ height triangle which was broken down at 0.240 in higher than usual volume, target of the pattern is 0.150.
Stock Trading Conclusion:
JOURNEY RESOURCES (JNYRF.OB) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 0.245, 0.248, 0.250, 0.252, 0.260, 0.266, 0.270, 0.310.
Stock Support levels : 0.210, 0.180,.
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