Stock Technical indicators to notice in AMARC RESOURCES LTD. (Tier2) (AHR.V)
1- Last bearish trend was from 0.35 $ (4/30/2012) to 0.33 $ (5/1/2012) a 0.02 $ move 2- The current bullish trend started from 0.33 $ at 5/1/2012 and is currently trading at 0.35 $.
4- AHR.V current resistance level is at 0.36 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
AMARC RESOURCES LTD. (Tier2) (AHR.V) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.330 .
7- The Stock formed a 0.060 $ height triangle which was broken up at 0.350, target of the pattern is 0.410.
AMARC RESOURCES LTD. (Tier2) (AHR.V) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.390 and 0.430 that was broken up at 0.330 transforming into a supporting line.
AMARC RESOURCES LTD. (Tier2) (AHR.V) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bearish stock channel identifed by support at 0.350 and 0.390,resistance between 0.390 and 0.430 which was broken up at 0.330.
Stock Trading Conclusion:
AMARC RESOURCES LTD. (Tier2) (AHR.V) was trading in a bullish 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 : 0.355, 0.362, 0.410.
Stock Support levels : 0.345, 0.342, 0.340, 0.338, 0.335, 0.330, 0.317, 0.243,.
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