Today we will analyze the stock MIDWAY GOLD CORP (Tier1) (MDW.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MIDWAY GOLD CORP (Tier1) (MDW.V)
1- Last bullish trend was from 2.00 $ (1/24/2012) to 2.15 $ (1/27/2012) a 0.15 $ move 2- The current bearish trend started from 2.15 $ at 1/27/2012 and is currently trading at 2.01 $.
3- MDW.V current support level is at 2.00 which is the 100.00 % fibonacci retracement of the last 0.15 $ move.
4- MDW.V current resistance level is at 2.06 which is the 61.80 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
MIDWAY GOLD CORP (Tier1) (MDW.V) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.150 and 2.230, and is currently resisting at 2.128.
MIDWAY GOLD CORP (Tier1) (MDW.V) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 2.000 and 2.360,resistance between 2.150 and 2.510, the stock channel is currently supported from below by 1.885 and resisted from above by 2.075.
MIDWAY GOLD CORP (Tier1) (MDW.V) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 2.050 and 2.030 that was broken down at 2.030 transforming into a resistance line.

Stock Trading Conclusion:
MIDWAY GOLD CORP (Tier1) (MDW.V) was trading in a bearish wave, which is becoming stronger .
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 : 2.04, 2.06, 2.06, 2.08, 2.08, 2.09, 2.10, 2.11, 2.13, 2.13, 2.15,.
Stock Support levels : 2.00, 1.96,.