NORSEMONT MINING I COM NPV (Toronto: NOM.TO) (TSE:NOM) Stock Research Trends Targets and Technical Analysis - TSX toronto stock exchange [en]

Today we will analyze the stock NORSEMONT MINING I COM NPV (NOM.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in NORSEMONT MINING I COM NPV (NOM.TO)
1- Last bearish trend was from 2.24 $ (3/2/2010) to 2.10 $ (3/9/2010) a 0.14 $ move 2- The current bullish trend started from 2.10 $ at 3/9/2010 and is currently trading at 2.31 $. 3- NOM.TO current support level is at 2.28 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
4- NOM.TO current resistance level is at 2.33 which is the 161.80 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently 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.
NORSEMONT MINING I COM NPV (NOM.TO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 2.100 .
NORSEMONT MINING I COM NPV (NOM.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.300 $ height triangle which was broken up at 2.230 in higher than usual volume, target of the pattern is 2.530.
NORSEMONT MINING I COM NPV (NOM.TO) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.830 $ height triangle which was broken up at 2.310 in higher than usual volume, target of the pattern is 3.140.

Stock Trading Conclusion:
NORSEMONT MINING I COM NPV (NOM.TO) was trading in a 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 : 2.33, 2.53, 3.14.
Stock Support levels : 2.28, 2.28, 2.26, 2.24, 2.23, 2.20, 2.19, 2.19, 2.18, 2.17, 2.15, 2.13, 2.10, 2.10,.