Stock Technical indicators to notice in STERLING MINING (SMX.SG)
1- Last bullish trend was from 0.01 $ (8/4/2011) to 0.03 $ (8/5/2011) a 0.02 $ move 2- The current bearish trend started from 0.03 $ at 8/5/2011 and is currently trading at 0.01 $.
4- SMX.SG current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.02 $ 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.
STERLING MINING (SMX.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.010 .
STERLING MINING (SMX.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.010 .
STERLING MINING (SMX.SG) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.010 .
Stock Trading Conclusion:
STERLING MINING (SMX.SG) was trading in a strong bullish wave, which is becoming stronger .
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 : 0.015, 0.018, 0.020, 0.022, 0.025, 0.030,.
Stock Support levels : 0.005,.