Today we will analyze the stock VIRGINIA MINES INC (VGMNF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in VIRGINIA MINES INC (VGMNF.PK)
1- Last bearish trend was from 8.73 $ (11/30/2011) to 7.87 $ (12/19/2011) a 0.86 $ move 2- The current bullish trend started from 7.87 $ at 12/19/2011 and is currently trading at 9.09 $.
3- VGMNF.PK current support level is at 8.96 which is the 127.20 % fibonacci retracement of the last 0.86 $ move.
4- VGMNF.PK current resistance level is at 9.26 which is the 161.80 % fibonacci retracement of the last 0.86 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
VIRGINIA MINES INC (VGMNF.PK) Short term stock chart patterns for internet stock trading :

None.
VIRGINIA MINES INC (VGMNF.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 8.730 that failed, and formed a support .
VIRGINIA MINES INC (VGMNF.PK) Long term stock chart patterns for internet stock trading :

7- The Stock formed a 1.610 $ height triangle which was broken up at 8.550, target of the pattern is 10.160.

Stock Trading Conclusion:
VIRGINIA MINES INC (VGMNF.PK) 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 : 9.26, 10.16.
Stock Support levels : 8.96, 8.84, 8.80, 8.73, 8.62, 8.48, 8.40, 8.34, 8.30, 8.30, 8.20, 8.07, 7.87,.