Stock Technical indicators to notice in MILNER CONSOLIDATED SILVER MINE (MCA.V)
1- Last bullish trend was from 0.17 $ (1/12/2012) to 0.21 $ (2/15/2012) a 0.04 $ move 2- The current bearish trend started from 0.21 $ at 2/15/2012 and is currently trading at 0.16 $.
4- MCA.V current resistance level is at 0.17 which is the 100.00 % 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.
MILNER CONSOLIDATED SILVER MINE (MCA.V) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.210 and 0.450 that was broken up at 0.200 transforming into a supporting line.
MILNER CONSOLIDATED SILVER MINE (MCA.V) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.210 and 0.450 that was broken up at 0.200 transforming into a supporting line.
MILNER CONSOLIDATED SILVER MINE (MCA.V) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.210 and 0.450 that was broken up at 0.200 transforming into a supporting line.
Stock Trading Conclusion:
MILNER CONSOLIDATED SILVER MINE (MCA.V) was trading in a strong 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 : 0.170, 0.172, 0.179, 0.185, 0.185, 0.190, 0.191, 0.195, 0.201, 0.210,.
Stock Support levels : 0.159, 0.145, 0.071,.
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