Today we will analyze the stock Quepasa Corporation (QPSA) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Quepasa Corporation (QPSA)
1- Last bullish trend was from 3.69 $ (5/1/2012) to 3.90 $ (5/2/2012) a 0.21 $ move 2- The current bearish trend started from 3.90 $ at 5/2/2012 and is currently trading at 3.56 $.
3- According to ADX Indicator, the trend is currently 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.
Quepasa Corporation (QPSA) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 0.580 $ height triangle which was broken down at 3.750, target of the pattern is 3.170.
Quepasa Corporation (QPSA) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 3.430 and 3.370 that was broken down at 3.560 transforming into a resistance line.
Quepasa Corporation (QPSA) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 3.430 and 3.370 that was broken down at 3.560 transforming into a resistance line.

Stock Trading Conclusion:
Quepasa Corporation (QPSA) was trading in a bullish 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 : 3.58, 3.64, 3.69, 3.73, 3.77, 3.86, 3.90.
Stock Support levels : 3.17.