Today we will analyze the stock MCCHIP RESOURCES INC (Tier2) (MCS.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MCCHIP RESOURCES INC (Tier2) (MCS.V)
1- Last bearish trend was from 2.49 $ (4/10/2012) to 2.10 $ (5/1/2012) a 0.39 $ move 2- The current bullish trend started from 2.10 $ at 5/1/2012 and is currently trading at 2.45 $.
3- MCS.V current support level is at 2.34 which is the 61.80 % fibonacci retracement of the last 0.39 $ move.
4- MCS.V current resistance level is at 2.49 which is the 100.00 % fibonacci retracement of the last 0.39 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
MCCHIP RESOURCES INC (Tier2) (MCS.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 2.490 .
MCCHIP RESOURCES INC (Tier2) (MCS.V) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 2.490 .
MCCHIP RESOURCES INC (Tier2) (MCS.V) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.100 and 1.960, and is currently supporting at 2.105.

Stock Trading Conclusion:
MCCHIP RESOURCES INC (Tier2) (MCS.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 : 2.49, 2.49, 2.50, 2.60, 2.73.
Stock Support levels : 2.37, 2.34, 2.32, 2.30, 2.30, 2.29, 2.28, 2.25, 2.23, 2.19, 2.11, 2.10,.