Today we will analyze the stock CANO PETROLEUM (OUU.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in CANO PETROLEUM (OUU.BE)
1- Last bearish trend was from 0.43 $ (3/31/2011) to 0.30 $ (4/1/2011) a 0.13 $ move 2- The current bullish trend started from 0.30 $ at 4/1/2011 and is currently trading at 0.43 $.
3- OUU.BE current support level is at 0.43 which is the 100.00 % fibonacci retracement of the last 0.13 $ move.
4- OUU.BE current resistance level is at 0.47 which is the 127.20 % fibonacci retracement of the last 0.13 $ 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.
6- Bullish Divergance in MACD Indicator .
CANO PETROLEUM (OUU.BE) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.430 and 0.470 that was broken up at 0.430 transforming into a supporting line.
CANO PETROLEUM (OUU.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.430 and 0.470 that was broken up at 0.430 transforming into a supporting line.
CANO PETROLEUM (OUU.BE) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.430 and 0.470 that was broken up at 0.430 transforming into a supporting line.

Stock Trading Conclusion:
CANO PETROLEUM (OUU.BE) 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 : 0.465, 0.510.
Stock Support levels : 0.414, 0.399, 0.380, 0.365, 0.350, 0.331, 0.300,.