Today we will analyze the stock BCY RESOURCES INC. (Tier2) (BCY.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in BCY RESOURCES INC. (Tier2) (BCY.V)
1- Last bearish trend was from 0.11 $ (3/9/2011) to 0.09 $ (3/10/2011) a 0.02 $ move 2- The current bullish trend started from 0.09 $ at 3/10/2011 and is currently trading at 0.10 $.
3- BCY.V current support level is at 0.10 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
4- BCY.V current resistance level is at 0.10 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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 is trading in a stock channel between 0.090 $ and 0.110 $.

BCY RESOURCES INC. (Tier2) (BCY.V) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.090 $ and 0.110 $.

BCY RESOURCES INC. (Tier2) (BCY.V) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.090 $ and 0.110 $.


Stock Trading Conclusion:
BCY RESOURCES INC. (Tier2) (BCY.V) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.102, 0.110, 0.115, 0.122.
Stock Support levels : 0.098, 0.096, 0.095, 0.095, 0.094, 0.090,.