Today we will analyze the stock NORTHERN GOLD MINING INC (Tier2 (NGM.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in NORTHERN GOLD MINING INC (Tier2 (NGM.V)
1- Last bearish trend was from 0.27 $ (5/2/2012) to 0.25 $ (5/4/2012) a 0.02 $ move 2- The current bullish trend started from 0.25 $ at 5/4/2012 and is currently trading at 0.27 $.
3- NGM.V current support level is at 0.27 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
4- NGM.V current resistance level is at 0.28 which is the 127.20 % fibonacci retracement of the last 0.02 $ 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.
NORTHERN GOLD MINING INC (Tier2 (NGM.V) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.250 and 0.200, and is currently supporting at 0.258.
NORTHERN GOLD MINING INC (Tier2 (NGM.V) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.250 and 0.200, and is currently supporting at 0.258.
NORTHERN GOLD MINING INC (Tier2 (NGM.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.240 that failed, and formed a support .

Stock Trading Conclusion:
NORTHERN GOLD MINING INC (Tier2 (NGM.V) was trading in a strong bullish 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 : 0.275, 0.282.
Stock Support levels : 0.265, 0.262, 0.260, 0.260, 0.258, 0.258, 0.255, 0.250, 0.240,.