Today we will analyze the stock OCEANFREIGHT INC (OCNF) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in OCEANFREIGHT INC (OCNF)
1- Last bearish trend was from 18.98 $ (10/17/2011) to 18.39 $ (10/19/2011) a 0.59 $ move 2- The current bullish trend started from 18.39 $ at 10/19/2011 and is currently trading at 19.06 $.
3- OCNF current support level is at 18.98 which is the 100.00 % fibonacci retracement of the last 0.59 $ move.
4- OCNF current resistance level is at 19.14 which is the 127.20 % fibonacci retracement of the last 0.59 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
OCEANFREIGHT INC (OCNF) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 18.390 and 17.040 that was broken down at 18.490 transforming into a resistance line.
OCEANFREIGHT INC (OCNF) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 17.040 and 13.890 that was broken down at 18.970 transforming into a resistance line.
OCEANFREIGHT INC (OCNF) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 11.900 and 5.400 that was broken down at 16.000 transforming into a resistance line.

Stock Trading Conclusion:
OCEANFREIGHT INC (OCNF) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 19.14, 19.34, 19.38, 19.63, 30.16.
Stock Support levels : 18.98, 18.90, 18.80, 18.75, 18.72, 18.68, 18.65, 18.62, 18.53, 18.39,.