Today we will analyze the stock PACIFIC BAY MINERALS LTD (Tier2 (PBM.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in PACIFIC BAY MINERALS LTD (Tier2 (PBM.V)
1- Last bearish trend was from 0.05 $ (4/12/2012) to 0.04 $ (4/25/2012) a 0.01 $ move 2- The current bullish trend started from 0.04 $ at 4/25/2012 and is currently trading at 0.05 $.
3- PBM.V current support level is at 0.05 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- PBM.V current resistance level is at 0.05 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
PACIFIC BAY MINERALS LTD (Tier2 (PBM.V) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.040 .
8- The Stock formed a 0.020 $ height triangle which was broken up at 0.050 in higher than usual volume, target of the pattern is 0.070.
PACIFIC BAY MINERALS LTD (Tier2 (PBM.V) Mid term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 0.040 .
10- The Stock formed a 0.020 $ height triangle which was broken up at 0.050 in higher than usual volume, target of the pattern is 0.070.
PACIFIC BAY MINERALS LTD (Tier2 (PBM.V) Long term stock chart patterns for internet stock trading :

11- The Stock formed Double Bottom Pattern at 0.040 .
12- The Stock formed a 0.020 $ height triangle which was broken up at 0.050 in higher than usual volume, target of the pattern is 0.070.

Stock Trading Conclusion:
PACIFIC BAY MINERALS LTD (Tier2 (PBM.V) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.053, 0.056, 0.060, 0.070,.
Stock Support levels : 0.048, 0.046, 0.045, 0.045, 0.044, 0.042, 0.040,.