Today we will analyze the stock GOLDEN OCEAN (GOGL.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in GOLDEN OCEAN (GOGL.OL)
1- Last bullish trend was from 4.94 $ (4/23/2012) to 5.27 $ (4/27/2012) a 0.33 $ move 2- The current bearish trend started from 5.27 $ at 4/27/2012 and is currently trading at 5.00 $.
3- GOGL.OL current support level is at 4.94 which is the 100.00 % fibonacci retracement of the last 0.33 $ move.
4- GOGL.OL current resistance level is at 5.07 which is the 61.80 % fibonacci retracement of the last 0.33 $ move.
5- According to ADX Indicator, the trend is currently 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.
GOLDEN OCEAN (GOGL.OL) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.270 and 5.350, and is currently resisting at 5.245.
GOLDEN OCEAN (GOGL.OL) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 5.350 .
GOLDEN OCEAN (GOGL.OL) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 4.690 and 3.770 that was broken down at 5.060 transforming into a resistance line.

Stock Trading Conclusion:
GOLDEN OCEAN (GOGL.OL) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 5.06, 5.07, 5.10, 5.11, 5.14, 5.14, 5.17, 5.19, 5.24, 5.27, 5.37, 5.47.
Stock Support levels : 4.94, 4.85,.