Today we will analyze the stock NORDIC OIL and GAS LTD. (Tier2) (NOG.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in NORDIC OIL and GAS LTD. (Tier2) (NOG.V)
1- Last bullish trend was from 0.04 $ (4/27/2012) to 0.05 $ (5/4/2012) a 0.01 $ move 2- The current bearish trend started from 0.05 $ at 5/4/2012 and is currently trading at 0.04 $.
3- NOG.V current support level is at 0.04 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- NOG.V current resistance level is at 0.04 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NORDIC OIL and GAS LTD. (Tier2) (NOG.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.050 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.
NORDIC OIL and GAS LTD. (Tier2) (NOG.V) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.050 .
9- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.
NORDIC OIL and GAS LTD. (Tier2) (NOG.V) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.050 .
11- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.

Stock Trading Conclusion:
NORDIC OIL and GAS LTD. (Tier2) (NOG.V) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.042, 0.044, 0.045, 0.045, 0.046, 0.048, 0.050,.
Stock Support levels : 0.037, 0.034, 0.020,.