Today we will analyze the stock Novagold Resources Inc New (NG) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Novagold Resources Inc New (NG)
1- Last bullish trend was from 8.81 $ (1/17/2012) to 10.66 $ (1/27/2012) a 1.85 $ move 2- The current bearish trend started from 10.66 $ at 1/27/2012 and is currently trading at 9.15 $.
3- NG current support level is at 8.81 which is the 100.00 % fibonacci retracement of the last 1.85 $ move.
4- NG current resistance level is at 9.52 which is the 61.80 % fibonacci retracement of the last 1.85 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Novagold Resources Inc New (NG) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 8.810 .
Novagold Resources Inc New (NG) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 10.660 and 11.490, and is currently resisting at 10.554.
Novagold Resources Inc New (NG) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 10.660 and 11.490, and is currently resisting at 10.554.

Stock Trading Conclusion:
Novagold Resources Inc New (NG) was trading in a bullish 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 : 9.51, 9.52, 9.73, 9.74, 9.90, 9.95, 10.08, 10.22, 10.55, 10.66,.
Stock Support levels : 8.81, 8.81, 8.79, 8.31,.