Today we will analyze the stock WESTERNAGROS RES LTD (WZGRF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in WESTERNAGROS RES LTD (WZGRF.PK)
1- Last bullish trend was from 1.05 $ (5/4/2012) to 1.15 $ (5/7/2012) a 0.10 $ move 2- The current bearish trend started from 1.15 $ at 5/7/2012 and is currently trading at 1.00 $.
3- WZGRF.PK current support level is at 0.99 which is the 161.80 % fibonacci retracement of the last 0.10 $ move.
4- WZGRF.PK current resistance level is at 1.02 which is the 127.20 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
6- Bullish Divergance in MACD Indicator .
WESTERNAGROS RES LTD (WZGRF.PK) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 0.460 $ height triangle which was broken down at 1.090, target of the pattern is 0.630.
WESTERNAGROS RES LTD (WZGRF.PK) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.460 $ height triangle which was broken down at 1.090, target of the pattern is 0.630.
WESTERNAGROS RES LTD (WZGRF.PK) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.460 $ height triangle which was broken down at 1.090, target of the pattern is 0.630.

Stock Trading Conclusion:
WESTERNAGROS RES LTD (WZGRF.PK) was trading in a strong bullish 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 : 1.02, 1.04, 1.05, 1.06, 1.08, 1.09, 1.09, 1.10, 1.11, 1.13, 1.14, 1.15,.
Stock Support levels : 0.99, 0.63,.