Stock Technical indicators to notice in MAYA GOLD and SILVER INC. (Tier2) (MYA.V)
1- Last bullish trend was from 0.21 $ (4/26/2012) to 0.23 $ (5/1/2012) a 0.02 $ move 2- The current bearish trend started from 0.23 $ at 5/1/2012 and is currently trading at 0.21 $.
4- MYA.V current resistance level is at 0.21 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MAYA GOLD and SILVER INC. (Tier2) (MYA.V) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.230 and 0.250, and is currently resisting at 0.220.
MAYA GOLD and SILVER INC. (Tier2) (MYA.V) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.210 .
8- The Stock formed a 0.040 $ height triangle.
MAYA GOLD and SILVER INC. (Tier2) (MYA.V) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 0.210 .
10- The Stock formed a 0.070 $ height triangle.
Stock Trading Conclusion:
MAYA GOLD and SILVER INC. (Tier2) (MYA.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 : 0.215, 0.218, 0.220, 0.222, 0.225, 0.230,.
Stock Support levels : 0.205,.
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