Today we will analyze the stock Lev Pharmaceuticals (LEVP.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Lev Pharmaceuticals (LEVP.OB)
1- Last bearish trend was from 2.40 $ (8/25/2008) to 2.00 $ (9/18/2008) a 0.40 $ move 2- The current bullish trend started from 2.00 $ at 9/18/2008 and is currently trading at 2.12 $.
3- LEVP.OB current support level is at 2.09 which is the 23.60 % fibonacci retracement of the last 0.40 $ move.
4- LEVP.OB current resistance level is at 2.15 which is the 38.20 % fibonacci retracement of the last 0.40 $ 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.
Lev Pharmaceuticals (LEVP.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 2.400 .
Lev Pharmaceuticals (LEVP.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 2.000 and 1.700, and is currently supporting at 2.010.
Lev Pharmaceuticals (LEVP.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.580 and 1.300 that was broken down at 1.710 transforming into a resistance line.

Stock Trading Conclusion:
Lev Pharmaceuticals (LEVP.OB) was trading in a strong bearish 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 : 2.15, 2.20, 2.25, 2.40, 2.40, 2.41, 2.51, 2.65, 4.00.
Stock Support levels : 2.09, 2.09, 2.07, 2.06, 2.05, 2.01, 2.00,.