Today we will analyze the stock BLACKSANDS PETROLEUM (BSPE.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in BLACKSANDS PETROLEUM (BSPE.OB)
1- Last bullish trend was from 1.20 $ (12/30/2010) to 4.25 $ (12/30/2011) a 3.05 $ move 2- The current bearish trend started from 4.25 $ at 12/30/2011 and is currently trading at 4.00 $.
3- BSPE.OB current support level is at 3.53 which is the 23.60 % fibonacci retracement of the last 3.05 $ move.
4- BSPE.OB current resistance level is at 4.25 which is the 0.00 % fibonacci retracement of the last 3.05 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
BLACKSANDS PETROLEUM (BSPE.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.200 and 1.100 that was broken down at 4.050 transforming into a resistance line.
BLACKSANDS PETROLEUM (BSPE.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.200 and 1.100 that was broken down at 4.050 transforming into a resistance line.
BLACKSANDS PETROLEUM (BSPE.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.100 and 0.850, and is currently supporting at 1.825.

Stock Trading Conclusion:
BLACKSANDS PETROLEUM (BSPE.OB) was trading in a bullish 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 : 4.06, 4.10, 4.13, 4.15, 4.25, 7.83,.
Stock Support levels : 3.53, 3.08, 2.72, 2.37, 1.83, 1.20, 0.37,.