Today we will analyze the stock WITWATERSRAND CONSOL GOLD (WGR.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in WITWATERSRAND CONSOL GOLD (WGR.TO)
1- Last bearish trend was from 5.59 $ (4/12/2012) to 4.70 $ (4/17/2012) a 0.89 $ move 2- The current bullish trend started from 4.70 $ at 4/17/2012 and is currently trading at 5.06 $.
3- WGR.TO current support level is at 5.04 which is the 38.20 % fibonacci retracement of the last 0.89 $ move.
4- WGR.TO current resistance level is at 5.14 which is the 50.00 % fibonacci retracement of the last 0.89 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
WITWATERSRAND CONSOL GOLD (WGR.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.590 and 6.100, and is currently resisting at 5.177.
WITWATERSRAND CONSOL GOLD (WGR.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 6.100 and 6.400, and is currently resisting at 5.387.
WITWATERSRAND CONSOL GOLD (WGR.TO) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
WITWATERSRAND CONSOL GOLD (WGR.TO) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 5.14, 5.18, 5.25, 5.39, 5.59, 5.83, 6.13, 6.14.
Stock Support levels : 5.04, 4.98, 4.92, 4.91, 4.88, 4.84, 4.70,.