Today we will analyze the stock Nuveen Ohio Dividend Advantage Municipal Fund (NXI) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Nuveen Ohio Dividend Advantage Municipal Fund (NXI)
1- Last bearish trend was from 14.18 $ (6/22/2011) to 12.90 $ (8/8/2011) a 1.28 $ move 2- The current bullish trend started from 12.90 $ at 8/8/2011 and is currently trading at 16.10 $.
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.
Nuveen Ohio Dividend Advantage Municipal Fund (NXI) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 14.180 and 14.390 that was broken up at 13.100 transforming into a supporting line.
Nuveen Ohio Dividend Advantage Municipal Fund (NXI) Mid term stock chart patterns for internet stock trading :

5- The Stock formed a 3.000 $ height triangle which was broken up at 13.770 in higher than usual volume, target of the pattern is 16.770.
Nuveen Ohio Dividend Advantage Municipal Fund (NXI) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 3.000 $ height triangle which was broken up at 13.770 in higher than usual volume, target of the pattern is 16.770.

Stock Trading Conclusion:
Nuveen Ohio Dividend Advantage Municipal Fund (NXI) 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 : 16.77,.
Stock Support levels : 15.34, 14.88, 14.50, 14.12, 13.37, 12.90,.