SPROTT RESOURCE CORP (: SCP) (:SCP) Stock Research Trends Targets and Technical Analysis - [en]

Today we will analyze the stock SPROTT RESOURCE CORP (SCP) for internet stock trading in the TSX stock market,
Stock Technical indicators to notice in SPROTT RESOURCE CORP (SCP)
1- Last bullish trend was from 57.71 $ (6/3/2009) to 64.07 $ (6/11/2009) a 6.36 $ move 2- The current bearish trend started from 64.07 $ at 6/11/2009 and is currently trading at 59.36 $. 3- SCP current support level is at 57.71 which is the 100.00 % fibonacci retracement of the last 6.36 $ move.
4- SCP current resistance level is at 60.14 which is the 61.80 % fibonacci retracement of the last 6.36 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SPROTT RESOURCE CORP (SCP) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 57.710 and 52.940 that was broken down at 59.360 transforming into a resistance line.
SPROTT RESOURCE CORP (SCP) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 57.710 and 52.940 that was broken down at 59.360 transforming into a resistance line.
SPROTT RESOURCE CORP (SCP) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 50.340 and 35.150,resistance between 57.420 and 39.850 which was broken down at 60.940.

Stock Trading Conclusion:
SPROTT RESOURCE CORP (SCP) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 60.14, 60.47, 60.89, 61.16, 61.64, 61.72, 62.27, 62.57, 64.07, 173.98, 237.09.
Stock Support levels : 57.71, 55.98,.