Today we will analyze the stock EQUINOX MINERALS LTD (EQXMF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in EQUINOX MINERALS LTD (EQXMF.PK)
1- Last bearish trend was from 8.74 $ (4/25/2011) to 8.03 $ (6/3/2011) a 0.71 $ move 2- The current bullish trend started from 8.03 $ at 6/3/2011 and is currently trading at 8.57 $.
3- EQXMF.PK current support level is at 8.47 which is the 61.80 % fibonacci retracement of the last 0.71 $ move.
4- EQXMF.PK current resistance level is at 8.74 which is the 100.00 % fibonacci retracement of the last 0.71 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
EQUINOX MINERALS LTD (EQXMF.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.030 and 7.730 that was broken down at 8.570 transforming into a resistance line.
EQUINOX MINERALS LTD (EQXMF.PK) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 8.030 and 5.150 that was broken down at 8.330 transforming into a resistance line.
EQUINOX MINERALS LTD (EQXMF.PK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
EQUINOX MINERALS LTD (EQXMF.PK) was trading in a strong bullish wave, which is becoming stronger .
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 : 8.74, 8.93, 9.16, 9.18, 15.48.
Stock Support levels : 8.47, 8.44, 8.39, 8.36, 8.30, 8.30, 8.24, 8.20, 8.03,.