Today we will analyze the stock AssuranceAmerica Corp. (ASAM.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in AssuranceAmerica Corp. (ASAM.OB)
1- Last bullish trend was from 0.11 $ (1/12/2012) to 0.13 $ (1/30/2012) a 0.02 $ move 2- The current bearish trend started from 0.13 $ at 1/30/2012 and is currently trading at 0.11 $.
3- ASAM.OB current support level is at 0.10 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- ASAM.OB current resistance level is at 0.11 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
AssuranceAmerica Corp. (ASAM.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.130 .
AssuranceAmerica Corp. (ASAM.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.130 .
AssuranceAmerica Corp. (ASAM.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.130 and 0.220, and is currently resisting at 0.116.

Stock Trading Conclusion:
AssuranceAmerica Corp. (ASAM.OB) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.115, 0.116, 0.118, 0.120, 0.122, 0.125, 0.130, 0.190.
Stock Support levels : 0.105,.