Stock Technical indicators to notice in MINTERRA RESOURCE CORP. (Tier2) (MTR.V)
1- Last bullish trend was from 0.02 $ (9/19/2008) to 0.03 $ (9/24/2008) a 0.01 $ move 2- The current bearish trend started from 0.03 $ at 9/24/2008 and is currently trading at 0.01 $.
MINTERRA RESOURCE CORP. (Tier2) (MTR.V) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040 which was broken up at 0.010 in higher than usual volume.
MINTERRA RESOURCE CORP. (Tier2) (MTR.V) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040 which was broken up at 0.010 in higher than usual volume.
MINTERRA RESOURCE CORP. (Tier2) (MTR.V) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 0.020 and 0.030,resistance between 0.030 and 0.040 which was broken up at 0.010 in higher than usual volume.
Stock Trading Conclusion:
MINTERRA RESOURCE CORP. (Tier2) (MTR.V) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.015, 0.018, 0.020, 0.022, 0.030.
Stock Support levels : -0.053,.
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