Stock Technical indicators to notice in LIONS GATE ENERGY INC (Tier2) (LG.V)
1- Last bearish trend was from 0.10 $ (3/14/2012) to 0.06 $ (5/1/2012) a 0.04 $ move 2- The current bullish trend started from 0.06 $ at 5/1/2012 and is currently trading at 0.08 $.
4- LG.V current resistance level is at 0.08 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
LIONS GATE ENERGY INC (Tier2) (LG.V) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.100 .
LIONS GATE ENERGY INC (Tier2) (LG.V) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.100 .
LIONS GATE ENERGY INC (Tier2) (LG.V) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.100 .
Stock Trading Conclusion:
LIONS GATE ENERGY INC (Tier2) (LG.V) was trading in a strong 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 : 0.085, 0.090, 0.100, 0.111, 0.125.
Stock Support levels : 0.075, 0.072, 0.070, 0.069, 0.068, 0.060,.
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