Today we will analyze the stock GLR RESOURCES INC COM CLASS’A’ (GRS.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in GLR RESOURCES INC COM CLASS’A’ (GRS.TO)
1- Last bearish trend was from 0.03 $ (12/31/2008) to 0.01 $ (1/6/2009) a 0.02 $ move 2- The current bullish trend started from 0.01 $ at 1/6/2009 and is currently trading at 0.02 $.
3- GRS.TO current support level is at 0.02 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
4- GRS.TO current resistance level is at 0.02 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
GLR RESOURCES INC COM CLASS’A’ (GRS.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.010 .
GLR RESOURCES INC COM CLASS’A’ (GRS.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.010 .
GLR RESOURCES INC COM CLASS’A’ (GRS.TO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.010 .

Stock Trading Conclusion:
GLR RESOURCES INC COM CLASS’A’ (GRS.TO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.022, 0.030, 0.035, 0.042.
Stock Support levels : 0.018, 0.016, 0.015, 0.015, 0.014, 0.010,.