Today we will analyze the stock Continental Energy Corp. (CPPXF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Continental Energy Corp. (CPPXF.OB)
1- Last bearish trend was from 0.15 $ (4/18/2012) to 0.11 $ (5/7/2012) a 0.04 $ move 2- The current bullish trend started from 0.11 $ at 5/7/2012 and is currently trading at 0.14 $.
3- CPPXF.OB current support level is at 0.13 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
4- CPPXF.OB current resistance level is at 0.15 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
Continental Energy Corp. (CPPXF.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.170 that was broken up at 0.120 transforming into a supporting line.
Continental Energy Corp. (CPPXF.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.170 that was broken up at 0.120 transforming into a supporting line.
Continental Energy Corp. (CPPXF.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.170 .

Stock Trading Conclusion:
Continental Energy Corp. (CPPXF.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.150, 0.161, 0.170, 0.175.
Stock Support levels : 0.135, 0.133, 0.130, 0.129, 0.125, 0.125, 0.121, 0.119, 0.110, 0.107,.