Today we will analyze the stock MERC INTERNATIONAL MINERALS INC (MRK.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MERC INTERNATIONAL MINERALS INC (MRK.V)
1- Last bearish trend was from 0.29 $ (4/18/2012) to 0.24 $ (4/27/2012) a 0.05 $ move 2- The current bullish trend started from 0.24 $ at 4/27/2012 and is currently trading at 0.27 $.
3- MRK.V current support level is at 0.26 which is the 50.00 % fibonacci retracement of the last 0.05 $ move.
4- MRK.V current resistance level is at 0.27 which is the 61.80 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
MERC INTERNATIONAL MINERALS INC (MRK.V) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.290 and 0.300, and is currently resisting at 0.284.
MERC INTERNATIONAL MINERALS INC (MRK.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.290 and 0.300, and is currently resisting at 0.284.
MERC INTERNATIONAL MINERALS INC (MRK.V) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.300 and 0.400 that was broken up at 0.280 transforming into a supporting line.

Stock Trading Conclusion:
MERC INTERNATIONAL MINERALS INC (MRK.V) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.271, 0.284, 0.290, 0.300, 0.304, 0.321.
Stock Support levels : 0.265, 0.263, 0.259, 0.259, 0.255, 0.252, 0.251, 0.240,.