Today we will analyze the stock MAJESTIC GOLD CORP. (Tier2) (MJS.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MAJESTIC GOLD CORP. (Tier2) (MJS.V)
1- Last bullish trend was from 0.20 $ (4/27/2012) to 0.21 $ (5/2/2012) a 0.01 $ move 2- The current bearish trend started from 0.21 $ at 5/2/2012 and is currently trading at 0.20 $.
3- MJS.V current support level is at 0.20 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- MJS.V current resistance level is at 0.20 which is the 100.00 % fibonacci retracement of the last 0.01 $ 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.
MAJESTIC GOLD CORP. (Tier2) (MJS.V) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.200 $ and 0.210 $.

MAJESTIC GOLD CORP. (Tier2) (MJS.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.190 and 0.150 that was broken down at 0.230 transforming into a resistance line.
MAJESTIC GOLD CORP. (Tier2) (MJS.V) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.190 and 0.150 that was broken down at 0.230 transforming into a resistance line.

Stock Trading Conclusion:
MAJESTIC GOLD CORP. (Tier2) (MJS.V) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.202, 0.204, 0.205, 0.206, 0.208, 0.210, 0.230, 0.361,.
Stock Support levels : 0.197,.