Stock Technical indicators to notice in MEDWORXX SOLUTIONS INC (Tier2) (MWX.V)
1- Last bullish trend was from 0.40 $ (4/23/2012) to 0.42 $ (4/25/2012) a 0.02 $ move 2- The current bearish trend started from 0.42 $ at 4/25/2012 and is currently trading at 0.39 $.
4- MWX.V current resistance level is at 0.39 which is the 127.20 % fibonacci retracement of the last 0.02 $ 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.
MEDWORXX SOLUTIONS INC (Tier2) (MWX.V) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.420 .
7- The Stock formed a 0.070 $ height triangle which was broken down at 0.390, target of the pattern is 0.320.
MEDWORXX SOLUTIONS INC (Tier2) (MWX.V) Mid term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 0.350 and 0.330,resistance between 0.420 and 0.380 which was broken down at 0.390.
MEDWORXX SOLUTIONS INC (Tier2) (MWX.V) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 0.330 and 0.270 that was broken down at 0.340 transforming into a resistance line.
Stock Trading Conclusion:
MEDWORXX SOLUTIONS INC (Tier2) (MWX.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 : 0.392, 0.395, 0.397, 0.400, 0.401, 0.405, 0.408, 0.409, 0.410, 0.412, 0.415, 0.419, 0.420, 1.125.
Stock Support levels : 0.388, 0.350,.
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