Today we will analyze the stock MILL BAY VENTURES INC. (Tier2) (MBV.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MILL BAY VENTURES INC. (Tier2) (MBV.V)
1- Last bearish trend was from 0.08 $ (4/18/2012) to 0.06 $ (5/3/2012) a 0.02 $ move 2- The current bullish trend started from 0.06 $ at 5/3/2012 and is currently trading at 0.07 $.
3- MBV.V current support level is at 0.07 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
4- MBV.V current resistance level is at 0.07 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
MILL BAY VENTURES INC. (Tier2) (MBV.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.080 .
7- The Stock formed a 0.030 $ height triangle.
MILL BAY VENTURES INC. (Tier2) (MBV.V) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.080 .
9- The Stock formed a 0.030 $ height triangle.
MILL BAY VENTURES INC. (Tier2) (MBV.V) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.080 .
11- The Stock formed a 0.030 $ height triangle.

Stock Trading Conclusion:
MILL BAY VENTURES INC. (Tier2) (MBV.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 : 0.072, 0.080, 0.085, 0.092.
Stock Support levels : 0.068, 0.066, 0.065, 0.065, 0.064, 0.060, 0.050,.