Stock Technical indicators to notice in J.A.G. MINES LTD. (Tier2) (JML.V)
1- Last bearish trend was from 0.11 $ (3/27/2012) to 0.07 $ (5/4/2012) a 0.04 $ move 2- The current bullish trend started from 0.07 $ at 5/4/2012 and is currently trading at 0.08 $.
4- JML.V current resistance level is at 0.09 which is the 38.20 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
J.A.G. MINES LTD. (Tier2) (JML.V) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.110 .
J.A.G. MINES LTD. (Tier2) (JML.V) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.110 .
J.A.G. MINES LTD. (Tier2) (JML.V) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.110 .
Stock Trading Conclusion:
J.A.G. MINES LTD. (Tier2) (JML.V) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.085, 0.090, 0.095, 0.110, 0.121, 0.135.
Stock Support levels : 0.079, 0.078, 0.076, 0.075, 0.074, 0.070,.
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