Today we will analyze the stock HERITAGE OIL CORP (HOC.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in HERITAGE OIL CORP (HOC.TO)
1- Last bullish trend was from 2.15 $ (4/24/2012) to 2.50 $ (5/3/2012) a 0.35 $ move 2- The current bearish trend started from 2.50 $ at 5/3/2012 and is currently trading at 2.22 $.
3- HOC.TO current support level is at 2.15 which is the 100.00 % fibonacci retracement of the last 0.35 $ move.
4- HOC.TO current resistance level is at 2.28 which is the 61.80 % fibonacci retracement of the last 0.35 $ 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.
HERITAGE OIL CORP (HOC.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.150 and 2.090 that was broken down at 2.220 transforming into a resistance line.
HERITAGE OIL CORP (HOC.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.500 and 3.100, and is currently resisting at 2.482.
HERITAGE OIL CORP (HOC.TO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 2.090 and 2.780,resistance between 2.500 and 3.220, the stock channel is currently supported from below by 1.937 and resisted from above by 2.480.

Stock Trading Conclusion:
HERITAGE OIL CORP (HOC.TO) 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 : 2.26, 2.28, 2.29, 2.33, 2.33, 2.36, 2.37, 2.39, 2.42, 2.48, 2.50,.
Stock Support levels : 2.20, 2.15, 2.05,.