Today we will analyze the stock KALIMANTAN GOLD (KLG.L) for internet stock trading in the L stock market,
Stock Technical indicators to notice in KALIMANTAN GOLD (KLG.L)
1- Last bearish trend was from 5.05 $ (4/30/2012) to 4.63 $ (5/2/2012) a 0.42 $ move 2- The current bullish trend started from 4.63 $ at 5/2/2012 and is currently trading at 4.83 $.
3- KLG.L current support level is at 4.79 which is the 38.20 % fibonacci retracement of the last 0.42 $ move.
4- KLG.L current resistance level is at 4.84 which is the 50.00 % fibonacci retracement of the last 0.42 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
KALIMANTAN GOLD (KLG.L) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 4.630 .
7- The Stock formed a 1.120 $ height triangle which was broken up at 4.830, target of the pattern is 5.950.
KALIMANTAN GOLD (KLG.L) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 5.050 and 6.570 that was broken up at 4.830 transforming into a supporting line.
KALIMANTAN GOLD (KLG.L) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
KALIMANTAN GOLD (KLG.L) was trading in a strong bearish wave, which is becoming stronger .
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 : 4.84, 4.89, 5.05, 5.16, 5.31, 5.95.
Stock Support levels : 4.79, 4.78, 4.75, 4.74, 4.73, 4.73, 4.71, 4.71, 4.63,.