Today we will analyze the stock ABACUS MINING and EXPLORATION COR (AME.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in ABACUS MINING and EXPLORATION COR (AME.V)
1- Last bullish trend was from 0.28 $ (5/3/2012) to 0.30 $ (5/4/2012) a 0.02 $ move 2- The current bearish trend started from 0.30 $ at 5/4/2012 and is currently trading at 0.28 $.
3- AME.V current support level is at 0.27 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- AME.V current resistance level is at 0.28 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
ABACUS MINING and EXPLORATION COR (AME.V) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.280 and 0.230,resistance between 0.300 and 0.290 which was broken down at 0.280 in higher than usual volume.
ABACUS MINING and EXPLORATION COR (AME.V) Mid term stock chart patterns for internet stock trading :

None.
ABACUS MINING and EXPLORATION COR (AME.V) Long term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.220 .

Stock Trading Conclusion:
ABACUS MINING and EXPLORATION COR (AME.V) was trading in a strong 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 : 0.285, 0.288, 0.290, 0.290, 0.292, 0.295, 0.300,.
Stock Support levels : 0.275, 0.268,.