Today we will analyze the stock MAGNUM ENERGY INC. (Tier2) (MEN.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MAGNUM ENERGY INC. (Tier2) (MEN.V)
1- Last bearish trend was from 0.13 $ (4/24/2012) to 0.08 $ (5/3/2012) a 0.05 $ move 2- The current bullish trend started from 0.08 $ at 5/3/2012 and is currently trading at 0.09 $.
3- MEN.V current support level is at 0.08 which is the 0.00 % fibonacci retracement of the last 0.05 $ move.
4- MEN.V current resistance level is at 0.09 which is the 23.60 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MAGNUM ENERGY INC. (Tier2) (MEN.V) Short term stock chart patterns for internet stock trading :

None.
MAGNUM ENERGY INC. (Tier2) (MEN.V) Mid term stock chart patterns for internet stock trading :

None.
MAGNUM ENERGY INC. (Tier2) (MEN.V) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MAGNUM ENERGY INC. (Tier2) (MEN.V) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.092, 0.099, 0.105, 0.110, 0.111, 0.130, 0.144, 0.161.
Stock Support levels : 0.088, 0.086, 0.085, 0.084, 0.080,.