Today we will analyze the stock MEDORO RESOURCES LTD (Tier1) (MRS.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MEDORO RESOURCES LTD (Tier1) (MRS.V)
1- Last bullish trend was from 1.78 $ (9/29/2010) to 1.92 $ (10/5/2010) a 0.14 $ move 2- The current bearish trend started from 1.92 $ at 10/5/2010 and is currently trading at 1.70 $.
3- MRS.V current support level is at 1.69 which is the 161.80 % fibonacci retracement of the last 0.14 $ move.
4- MRS.V current resistance level is at 1.74 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
MEDORO RESOURCES LTD (Tier1) (MRS.V) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.780 and 1.700 that was broken down at 1.800 transforming into a resistance line.
MEDORO RESOURCES LTD (Tier1) (MRS.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.920 and 1.970, and is currently resisting at 1.895.
MEDORO RESOURCES LTD (Tier1) (MRS.V) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.920 and 1.970, and is currently resisting at 1.895.

Stock Trading Conclusion:
MEDORO RESOURCES LTD (Tier1) (MRS.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 : 1.74, 1.75, 1.78, 1.78, 1.81, 1.83, 1.84, 1.85, 1.87, 1.89, 1.89, 1.92, 1.93.
Stock Support levels : 1.69.