Stock Technical indicators to notice in VISIBLE GOLD MINES INC (Tier2) (VGD.V)
1- Last bullish trend was from 0.07 $ (4/23/2012) to 0.09 $ (4/27/2012) a 0.02 $ move 2- The current bearish trend started from 0.09 $ at 4/27/2012 and is currently trading at 0.07 $.
4- VGD.V current resistance level is at 0.07 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently 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.
6- Bullish Divergance in MACD Indicator .
VISIBLE GOLD MINES INC (Tier2) (VGD.V) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.090 and 0.110, and is currently resisting at 0.079.
VISIBLE GOLD MINES INC (Tier2) (VGD.V) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.090 and 0.110, and is currently resisting at 0.079.
VISIBLE GOLD MINES INC (Tier2) (VGD.V) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 0.090 and 0.110, and is currently resisting at 0.079.
Stock Trading Conclusion:
VISIBLE GOLD MINES INC (Tier2) (VGD.V) was trading in a 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 : 0.075, 0.078, 0.079, 0.080, 0.082, 0.085, 0.090,.
Stock Support levels : 0.065,.
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