Today we will analyze the stock 5N PLUS INC (VNP.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in 5N PLUS INC (VNP.TO)
1- Last bullish trend was from 2.92 $ (4/25/2012) to 3.35 $ (5/2/2012) a 0.43 $ move 2- The current bearish trend started from 3.35 $ at 5/2/2012 and is currently trading at 3.16 $.
3- VNP.TO current support level is at 3.13 which is the 50.00 % fibonacci retracement of the last 0.43 $ move.
4- VNP.TO current resistance level is at 3.19 which is the 38.20 % fibonacci retracement of the last 0.43 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
5N PLUS INC (VNP.TO) Short term stock chart patterns for internet stock trading :

None.
5N PLUS INC (VNP.TO) Mid term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 2.920 and 2.990,resistance between 3.260 and 3.330 which was broken up at 3.270.
5N PLUS INC (VNP.TO) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 3.260 and 5.430 that was broken up at 3.100 transforming into a supporting line.

Stock Trading Conclusion:
5N PLUS INC (VNP.TO) was trading in a strong 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 : 3.19, 3.20, 3.23, 3.25, 3.25, 3.28, 3.35,.
Stock Support levels : 3.13, 3.09, 3.08, 2.92, 2.89, 2.80,.