Today we will analyze the stock EL NINO VENTURES INC. (Tier1) (ELN.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in EL NINO VENTURES INC. (Tier1) (ELN.V)
1- Last bearish trend was from 0.12 $ (4/27/2012) to 0.10 $ (5/1/2012) a 0.02 $ move 2- The current bullish trend started from 0.10 $ at 5/1/2012 and is currently trading at 0.11 $.
3- ELN.V current support level is at 0.11 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
4- ELN.V current resistance level is at 0.11 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
EL NINO VENTURES INC. (Tier1) (ELN.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.100 .
EL NINO VENTURES INC. (Tier1) (ELN.V) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.100 .
EL NINO VENTURES INC. (Tier1) (ELN.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.100 .

Stock Trading Conclusion:
EL NINO VENTURES INC. (Tier1) (ELN.V) was trading in a bearish 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 : 0.112, 0.120, 0.125, 0.132.
Stock Support levels : 0.108, 0.106, 0.105, 0.105, 0.104, 0.100,.