Today we will analyze the stock PETROL ONE (OTG.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in PETROL ONE (OTG.BE)
1- Last bullish trend was from 0.12 $ (1/6/2011) to 0.13 $ (1/14/2011) a 0.01 $ move 2- The current bearish trend started from 0.13 $ at 1/14/2011 and is currently trading at 0.12 $.
3- OTG.BE current support level is at 0.12 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- OTG.BE current resistance level is at 0.12 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 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.
PETROL ONE (OTG.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.130 .
7- The Stock formed a 0.040 $ height triangle which was broken down at 0.130, target of the pattern is 0.090.
PETROL ONE (OTG.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.130 .
9- The Stock formed a 0.040 $ height triangle which was broken down at 0.130, target of the pattern is 0.090.
PETROL ONE (OTG.BE) Long term stock chart patterns for internet stock trading :

10- The Stock is trading in a stock channel between 0.090 $ and 0.130 $.


Stock Trading Conclusion:
PETROL ONE (OTG.BE) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.122, 0.124, 0.125, 0.126, 0.128, 0.130, 0.195,.
Stock Support levels : 0.117, 0.114, 0.090,.