MADALENA VENTURES INC (Tier2) (CDNX: MVN.V) (CVE:MVN) Stock Research Trends Targets and Technical Analysis - TSX Venture toronto stock exchange [en]

Today we will analyze the stock MADALENA VENTURES INC (Tier2) (MVN.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in MADALENA VENTURES INC (Tier2) (MVN.V)
1- Last bullish trend was from 0.23 $ (3/4/2010) to 0.34 $ (3/8/2010) a 0.11 $ move 2- The current bearish trend started from 0.34 $ at 3/8/2010 and is currently trading at 0.31 $. 3- MVN.V current support level is at 0.30 which is the 38.20 % fibonacci retracement of the last 0.11 $ move.
4- MVN.V current resistance level is at 0.31 which is the 23.60 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
MADALENA VENTURES INC (Tier2) (MVN.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.230 .
MADALENA VENTURES INC (Tier2) (MVN.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.230 and 0.200, and is currently supporting at 0.236.
MADALENA VENTURES INC (Tier2) (MVN.V) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.200 and 0.170, and is currently supporting at 0.225.

Stock Trading Conclusion:
MADALENA VENTURES INC (Tier2) (MVN.V) was trading in a strong bullish wave, which is becoming stronger .
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 : 0.314, 0.317, 0.321, 0.325, 0.329, 0.340,.
Stock Support levels : 0.298, 0.285, 0.272, 0.236, 0.230, 0.225, 0.200,.