Stock Technical indicators to notice in MINT INCOME FUND TRUST UNITS (MID-UN.TO)
1- Last bearish trend was from 10.50 $ (2/28/2012) to 9.59 $ (4/23/2012) a 0.91 $ move 2- The current bullish trend started from 9.59 $ at 4/23/2012 and is currently trading at 9.86 $.
4- MID-UN.TO current resistance level is at 9.94 which is the 38.20 % fibonacci retracement of the last 0.91 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MINT INCOME FUND TRUST UNITS (MID-UN.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 9.590 and 9.300, and is currently supporting at 9.618.
MINT INCOME FUND TRUST UNITS (MID-UN.TO) Mid term stock chart patterns for internet stock trading :
None.
MINT INCOME FUND TRUST UNITS (MID-UN.TO) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 9.850 and 11.380 that was broken up at 8.830 transforming into a supporting line.
Stock Trading Conclusion:
MINT INCOME FUND TRUST UNITS (MID-UN.TO) was trading in a bearish wave, which is becoming weaker .
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 : 9.94, 10.05, 10.15, 10.50, 10.75, 11.06.
Stock Support levels : 9.80, 9.80, 9.76, 9.73, 9.69, 9.62, 9.59,.
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