Today we will analyze the stock STRATEGIC METALS LTD. (Tier1) (SMD.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in STRATEGIC METALS LTD. (Tier1) (SMD.V)
1- Last bearish trend was from 1.10 $ (4/27/2012) to 0.99 $ (5/3/2012) a 0.11 $ move 2- The current bullish trend started from 0.99 $ at 5/3/2012 and is currently trading at 1.02 $.
3- SMD.V current support level is at 1.02 which is the 23.60 % fibonacci retracement of the last 0.11 $ move.
4- SMD.V current resistance level is at 1.03 which is the 38.20 % fibonacci retracement of the last 0.11 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
STRATEGIC METALS LTD. (Tier1) (SMD.V) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.100 and 1.290 that was broken up at 1.020 transforming into a supporting line.
STRATEGIC METALS LTD. (Tier1) (SMD.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.100 and 1.290 that was broken up at 1.020 transforming into a supporting line.
STRATEGIC METALS LTD. (Tier1) (SMD.V) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 1.000 and 1.250,resistance between 1.100 and 1.380, the stock channel is currently supported from below by 0.932 and resisted from above by 1.051.

Stock Trading Conclusion:
STRATEGIC METALS LTD. (Tier1) (SMD.V) was trading in a bearish wave, which is becoming stronger .
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 : 1.03, 1.05, 1.06, 1.10, 1.13, 1.17.
Stock Support levels : 1.02, 1.01, 1.01, 1.00, 1.00, 1.00, 0.99,.