Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Flirting with the 10 day EMA (.38)

Flirting with the 10 day EMA (.38)

posted on Feb 19, 2010 02:19PM

http://stockcharts.com/h-sc/ui?s=ISM.TO&p=D&yr=0&mn=6&dy=0&id=p87180620321

Bit of a holding pattern after bottoming a while back imho

For the short term there is a "neutral" rating

Next resistance level is shown as .50 as we are down in a region we have not seen for quite some time. Those levels are based on historical trading levels, thats why there is only 3 occurences at .50 as tested resistance.

Here's is the web sites definition of "confluence"

"Confluence Confluence occurs when you take fibonacci projections off of multiple trends and get the same number and strengthens when it corresponds with other technical advents such as gaps, swing high/lows, chart indicators crossovers (MACD, RSI, Stochastics, etc.), trading congestion, etc. The more confluence, the more significant the level. I really take notice when I get two or more fib #s (say a 38.2% and 61.8%) to correspond with a gap in the chart or a swing high. Confluence is very powerful as it combines multiple technical analysis techniques to arrive at the same conclusion, and should be relied on accordingly IMHO"

http://www.stockta.com/cgi-bin/analysis.pl?symb=ISM.C&num1=582&cobrand=&mode=stock

Support/Resistance
Type Value Conf.
resist. 0.93 2
resist. 0.81 6
resist. 0.75 14
resist. 0.67 27
resist. 0.62 3
resist. 0.55 3
resist. 0.50 3
supp 0.37 2
supp 0.31 2

You can actually tell when looking at the higher prices .67 and .75 where this stock usually traded in terms of price levels. ( note the number of occurences) Do recall that when a stock passed up through a resistance level it becomes a support level.

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