Today we will analyze the stock GRAYD RESOURCE CORPORATION (Tie (GYD.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in GRAYD RESOURCE CORPORATION (Tie (GYD.V)
1- Last bearish trend was from 2.74 $ (1/9/2012) to 2.33 $ (1/25/2012) a 0.41 $ move 2- The current bullish trend started from 2.33 $ at 1/25/2012 and is currently trading at 2.50 $.
3- GYD.V current support level is at 2.49 which is the 38.20 % fibonacci retracement of the last 0.41 $ move.
4- GYD.V current resistance level is at 2.53 which is the 50.00 % fibonacci retracement of the last 0.41 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
GRAYD RESOURCE CORPORATION (Tie (GYD.V) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.740 and 2.770, and is currently resisting at 2.510.
GRAYD RESOURCE CORPORATION (Tie (GYD.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.740 and 2.770, and is currently resisting at 2.510.
GRAYD RESOURCE CORPORATION (Tie (GYD.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 2.770 .
9- The Stock formed a 0.470 $ height triangle.

Stock Trading Conclusion:
GRAYD RESOURCE CORPORATION (Tie (GYD.V) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 2.51, 2.53, 2.58, 2.74, 2.77, 2.85, 2.99.
Stock Support levels : 2.49, 2.46, 2.44, 2.43, 2.41, 2.39, 2.33,.