Today we will analyze the stock ABITIBI MINING CORP. (Tier2) (ABB.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in ABITIBI MINING CORP. (Tier2) (ABB.V)
1- Last bearish trend was from 0.12 $ (11/10/2010) to 0.11 $ (11/11/2010) a 0.01 $ move 2- The current bullish trend started from 0.11 $ at 11/11/2010 and is currently trading at 0.12 $.
3- ABB.V current support level is at 0.12 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- ABB.V current resistance level is at 0.12 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
ABITIBI MINING CORP. (Tier2) (ABB.V) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.110 $ and 0.120 $.

ABITIBI MINING CORP. (Tier2) (ABB.V) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.110 $ and 0.120 $.

ABITIBI MINING CORP. (Tier2) (ABB.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.160 $ height triangle which was broken up at 0.120 in higher than usual volume, target of the pattern is 0.280.

Stock Trading Conclusion:
ABITIBI MINING CORP. (Tier2) (ABB.V) was trading in a strong 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 : 0.123, 0.126, 0.280.
Stock Support levels : 0.118, 0.116, 0.115, 0.114, 0.112, 0.110, 0.101,.