Today we will analyze the stock CULANE ENERGY CORP. (Tier2) (CLN.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in CULANE ENERGY CORP. (Tier2) (CLN.V)
1- Last bearish trend was from 1.75 $ (6/7/2011) to 1.65 $ (6/8/2011) a 0.10 $ move 2- The current bullish trend started from 1.65 $ at 6/8/2011 and is currently trading at 2.31 $.
3- 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.
CULANE ENERGY CORP. (Tier2) (CLN.V) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 1.650 .
5- The Stock formed Double Top Pattern at 1.750 that failed, and formed a support .
CULANE ENERGY CORP. (Tier2) (CLN.V) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 0.220 $ height triangle which was broken up at 2.240 in higher than usual volume, target of the pattern is 2.460.
CULANE ENERGY CORP. (Tier2) (CLN.V) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.630 and 1.600, and is currently supporting at 1.789.

Stock Trading Conclusion:
CULANE ENERGY CORP. (Tier2) (CLN.V) was trading in a strong 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 : 2.46.
Stock Support levels : 2.15, 2.06, 1.98, 1.90, 1.79, 1.75, 1.65, 1.65,.