Today we will analyze the stock BINGO.COM LTD (BNGOF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in BINGO.COM LTD (BNGOF.OB)
1- Last bullish trend was from 0.51 $ (5/1/2012) to 0.55 $ (5/2/2012) a 0.04 $ move 2- The current bearish trend started from 0.55 $ at 5/2/2012 and is currently trading at 0.44 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
4- Bullish Divergance in MACD Indicator .
BINGO.COM LTD (BNGOF.OB) Short term stock chart patterns for internet stock trading :

5- The Stock formed a 0.370 $ height triangle which was broken up at 0.430, target of the pattern is 0.800 which was broken down at 0.430 in higher than usual volume, target of the pattern is 0.060.
BINGO.COM LTD (BNGOF.OB) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 0.370 $ height triangle which was broken up at 0.430, target of the pattern is 0.800 which was broken down at 0.430 in higher than usual volume, target of the pattern is 0.060.
BINGO.COM LTD (BNGOF.OB) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.380 and 0.300, and is currently supporting at 0.430.

Stock Trading Conclusion:
BINGO.COM LTD (BNGOF.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.466, 0.482, 0.495, 0.508, 0.550, 0.575, 0.800,.
Stock Support levels : 0.430, 0.060, 0.050,.