Today we will analyze the stock VIRGINIA MINES INC (VGQ.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in VIRGINIA MINES INC (VGQ.TO)
1- Last bullish trend was from 8.50 $ (12/30/2011) to 9.40 $ (1/9/2012) a 0.90 $ move 2- The current bearish trend started from 9.40 $ at 1/9/2012 and is currently trading at 9.15 $.
3- VGQ.TO current support level is at 9.06 which is the 38.20 % fibonacci retracement of the last 0.90 $ move.
4- VGQ.TO current resistance level is at 9.19 which is the 23.60 % fibonacci retracement of the last 0.90 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
VIRGINIA MINES INC (VGQ.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 8.500 and 8.300 that was broken down at 9.000 transforming into a resistance line.
VIRGINIA MINES INC (VGQ.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 8.300 .
VIRGINIA MINES INC (VGQ.TO) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 8.250 .
9- The Stock formed a 1.160 $ height triangle which was broken up at 9.000, target of the pattern is 10.160.

Stock Trading Conclusion:
VIRGINIA MINES INC (VGQ.TO) was trading in a strong bullish wave, which is becoming stronger .
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 : 9.19, 9.19, 9.21, 9.25, 9.27, 9.30, 9.40, 10.16.
Stock Support levels : 9.06, 8.95, 8.84, 8.74, 8.50, 8.30, 8.27, 8.26,.