Today we will analyze the stock VIKING GOLD EXPLORATION INC. (T (VGC.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in VIKING GOLD EXPLORATION INC. (T (VGC.V)
1- Last bullish trend was from 0.07 $ (4/25/2012) to 0.09 $ (4/26/2012) a 0.02 $ move 2- The current bearish trend started from 0.09 $ at 4/26/2012 and is currently trading at 0.08 $.
3- VGC.V current support level is at 0.08 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
4- VGC.V current resistance level is at 0.08 which is the 50.00 % fibonacci retracement of the last 0.02 $ 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.
VIKING GOLD EXPLORATION INC. (T (VGC.V) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.070 and 0.110,resistance between 0.090 and 0.120 which was broken up at 0.080.
VIKING GOLD EXPLORATION INC. (T (VGC.V) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.070 and 0.110,resistance between 0.090 and 0.120 which was broken up at 0.080.
VIKING GOLD EXPLORATION INC. (T (VGC.V) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.090 and 0.120 that was broken up at 0.080 transforming into a supporting line.

Stock Trading Conclusion:
VIKING GOLD EXPLORATION INC. (T (VGC.V) was trading in a strong bearish 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 : 0.082, 0.084, 0.085, 0.085, 0.086, 0.090, 0.120,.
Stock Support levels : 0.078, 0.070, 0.065, 0.064,.