Today we will analyze the stock North American Energy Resources (NAEN.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in North American Energy Resources (NAEN.OB)
1- Last bearish trend was from 2.00 $ (5/13/2009) to 1.50 $ (5/14/2009) a 0.50 $ move 2- The current bullish trend started from 1.50 $ at 5/14/2009 and is currently trading at 2.00 $.
3- NAEN.OB current support level is at 2.00 which is the 100.00 % fibonacci retracement of the last 0.50 $ move.
4- NAEN.OB current resistance level is at 2.14 which is the 127.20 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
North American Energy Resources (NAEN.OB) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 1.500 and 1.000,resistance between 2.000 and 1.500, the stock channel is currently supported from below by 1.556 and resisted from above by 2.100.
North American Energy Resources (NAEN.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 1.500 and 1.000,resistance between 2.000 and 1.500, the stock channel is currently supported from below by 1.556 and resisted from above by 2.100.
North American Energy Resources (NAEN.OB) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 1.500 and 1.000,resistance between 2.000 and 1.500, the stock channel is currently supported from below by 1.556 and resisted from above by 2.100.

Stock Trading Conclusion:
North American Energy Resources (NAEN.OB) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 2.14, 2.31.
Stock Support levels : 1.88, 1.81, 1.75, 1.69, 1.62, 1.50,.