Today we will analyze the stock COPPER MESA MINING (CMMVF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in COPPER MESA MINING (CMMVF.PK)
1- Last bullish trend was from 0.02 $ (1/25/2010) to 0.03 $ (2/2/2010) a 0.01 $ move 2- The current bearish trend started from 0.03 $ at 2/2/2010 and is currently trading at 0.02 $.
3- CMMVF.PK current support level is at 0.02 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- CMMVF.PK current resistance level is at 0.02 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.
6- Bullish Divergance in MACD Indicator .
COPPER MESA MINING (CMMVF.PK) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.030 and 0.070 that was broken up at 0.020 transforming into a supporting line.
COPPER MESA MINING (CMMVF.PK) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.030 and 0.070 that was broken up at 0.020 transforming into a supporting line.
COPPER MESA MINING (CMMVF.PK) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.030 and 0.070 that was broken up at 0.020 transforming into a supporting line.

Stock Trading Conclusion:
COPPER MESA MINING (CMMVF.PK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.022, 0.024, 0.025, 0.026, 0.028, 0.030,.
Stock Support levels : 0.017, 0.014, -0.018,.