Stock Technical indicators to notice in BCY RESOURCES INC. (Tier2) (BCY.V)
1- Last bullish trend was from 0.03 $ (5/18/2010) to 0.04 $ (6/11/2010) a 0.01 $ move 2- The current bearish trend started from 0.04 $ at 6/11/2010 and is currently trading at 0.03 $.
4- BCY.V current resistance level is at 0.03 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
BCY RESOURCES INC. (Tier2) (BCY.V) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 0.030 and 0.050,resistance between 0.040 and 0.060 which was broken up at 0.030.
BCY RESOURCES INC. (Tier2) (BCY.V) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 0.030 and 0.050,resistance between 0.040 and 0.060 which was broken up at 0.030.
BCY RESOURCES INC. (Tier2) (BCY.V) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 0.030 and 0.050,resistance between 0.040 and 0.060 which was broken up at 0.030.
Stock Trading Conclusion:
BCY RESOURCES INC. (Tier2) (BCY.V) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.032, 0.034, 0.035, 0.036, 0.036, 0.038, 0.040,.
Stock Support levels : 0.028, 0.027,.
