Stock Technical indicators to notice in BRALORNE GOLD MINES LTD. (Tier1 (BPM.V)
1- Last bullish trend was from 1.08 $ (8/30/2010) to 1.15 $ (8/31/2010) a 0.07 $ move 2- The current bearish trend started from 1.15 $ at 8/31/2010 and is currently trading at 1.05 $.
4- BPM.V current resistance level is at 1.06 which is the 127.20 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently 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.
6- Bullish Divergance in MACD Indicator .
BRALORNE GOLD MINES LTD. (Tier1 (BPM.V) Short term stock chart patterns for internet stock trading :
7- The Stock formed a 0.130 $ height triangle which was broken down at 1.050, target of the pattern is 0.920.
BRALORNE GOLD MINES LTD. (Tier1 (BPM.V) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 0.130 $ height triangle which was broken down at 1.050, target of the pattern is 0.920.
BRALORNE GOLD MINES LTD. (Tier1 (BPM.V) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 0.270 $ height triangle which was broken down at 1.050, target of the pattern is 0.780.
Stock Trading Conclusion:
BRALORNE GOLD MINES LTD. (Tier1 (BPM.V) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.06, 1.07, 1.08, 1.08, 1.09, 1.10, 1.10, 1.11, 1.11, 1.12, 1.12, 1.13, 1.15,.
Stock Support levels : 1.04, 0.99, 0.92,.
