Today we will analyze the stock MINES MGT INC COM USD0.01 (MGT.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in MINES MGT INC COM USD0.01 (MGT.TO)
1- Last bullish trend was from 1.92 $ (1/23/2012) to 2.21 $ (1/30/2012) a 0.29 $ move 2- The current bearish trend started from 2.21 $ at 1/30/2012 and is currently trading at 2.06 $.
3- MGT.TO current support level is at 2.03 which is the 61.80 % fibonacci retracement of the last 0.29 $ move.
4- MGT.TO current resistance level is at 2.07 which is the 50.00 % fibonacci retracement of the last 0.29 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
MINES MGT INC COM USD0.01 (MGT.TO) Short term stock chart patterns for internet stock trading :

None.
MINES MGT INC COM USD0.01 (MGT.TO) Mid term stock chart patterns for internet stock trading :

None.
MINES MGT INC COM USD0.01 (MGT.TO) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.150 and 2.280 that was broken up at 1.980 transforming into a supporting line.

Stock Trading Conclusion:
MINES MGT INC COM USD0.01 (MGT.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 : 2.07, 2.10, 2.10, 2.12, 2.13, 2.14, 2.15, 2.21,.
Stock Support levels : 2.03, 1.92, 1.84, 1.82,.