Today we will analyze the stock Oculus Innovative Sciences (OCLS) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Oculus Innovative Sciences (OCLS)
1- Last bearish trend was from 1.06 $ (1/30/2012) to 1.02 $ (1/31/2012) a 0.04 $ move 2- The current bullish trend started from 1.02 $ at 1/31/2012 and is currently trading at 1.05 $.
3- OCLS current support level is at 1.04 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
4- OCLS current resistance level is at 1.06 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Oculus Innovative Sciences (OCLS) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.140 $ height triangle which was broken up at 1.060, target of the pattern is 1.200.
Oculus Innovative Sciences (OCLS) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.670 $ height triangle which was broken up at 1.000 in higher than usual volume, target of the pattern is 1.670.
Oculus Innovative Sciences (OCLS) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.980 and 1.410,resistance between 1.190 and 1.650 which was broken up at 1.000 in higher than usual volume.

Stock Trading Conclusion:
Oculus Innovative Sciences (OCLS) was trading in a bearish wave, which is becoming weaker .
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 : 1.06, 1.07, 1.08, 1.20, 1.67.
Stock Support levels : 1.04, 1.04, 1.04, 1.04, 1.04, 1.03, 1.03, 1.03, 1.03, 1.02, 0.85,.