Today we will analyze the stock CAPITAL GOLD CORP (CGC.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in CAPITAL GOLD CORP (CGC.TO)
1- Last bearish trend was from 6.24 $ (3/31/2011) to 5.93 $ (4/4/2011) a 0.31 $ move 2- The current bullish trend started from 5.93 $ at 4/4/2011 and is currently trading at 6.27 $.
3- CGC.TO current support level is at 6.24 which is the 100.00 % fibonacci retracement of the last 0.31 $ move.
4- CGC.TO current resistance level is at 6.32 which is the 127.20 % fibonacci retracement of the last 0.31 $ move.
5- According to ADX Indicator, the trend is currently 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.
CAPITAL GOLD CORP (CGC.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 5.930 and 5.150, and is currently supporting at 6.159.
CAPITAL GOLD CORP (CGC.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 5.150 and 4.570, and is currently supporting at 5.562.
CAPITAL GOLD CORP (CGC.TO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 4.570 and 4.320,resistance between 5.190 and 4.950 which was broken up at 5.530.

Stock Trading Conclusion:
CAPITAL GOLD CORP (CGC.TO) was trading in a bullish 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 : 6.32, 6.43.
Stock Support levels : 6.24, 6.19, 6.16, 6.14, 6.12, 6.10, 6.09, 6.06, 6.05, 6.00, 5.93, 5.56,.