MINEFINDERS CORP COM NPV (Toronto: MFL.TO) (TSE:MFL) Stock Research Trends Targets and Technical Analysis - TSX toronto stock exchange [en]

Today we will analyze the stock MINEFINDERS CORP COM NPV (MFL.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in MINEFINDERS CORP COM NPV (MFL.TO)
1- Last bearish trend was from 10.59 $ (3/1/2010) to 10.03 $ (3/4/2010) a 0.56 $ move 2- The current bullish trend started from 10.03 $ at 3/4/2010 and is currently trading at 10.42 $. 3- MFL.TO current support level is at 10.38 which is the 61.80 % fibonacci retracement of the last 0.56 $ move.
4- MFL.TO current resistance level is at 10.59 which is the 100.00 % fibonacci retracement of the last 0.56 $ move.
5- According to ADX Indicator, the trend is currently 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.
MINEFINDERS CORP COM NPV (MFL.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.930 $ height triangle which was broken up at 10.420, target of the pattern is 11.350.
MINEFINDERS CORP COM NPV (MFL.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 10.790 and 11.130 that was broken up at 10.400 transforming into a supporting line.
MINEFINDERS CORP COM NPV (MFL.TO) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 11.130 and 12.030 that was broken up at 10.760 transforming into a supporting line.

Stock Trading Conclusion:
MINEFINDERS CORP COM NPV (MFL.TO) was trading in a 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 : 10.59, 10.74, 10.94, 11.35.
Stock Support levels : 10.38, 10.37, 10.33, 10.31, 10.27, 10.24, 10.23, 10.18, 10.16, 10.14, 10.03,.