Today we will analyze the stock NF ENERGY SAVING CP (NFES.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in NF ENERGY SAVING CP (NFES.OB)
1- Last bearish trend was from 1.70 $ (8/20/2009) to 1.64 $ (8/24/2009) a 0.06 $ move 2- The current bullish trend started from 1.64 $ at 8/24/2009 and is currently trading at 1.75 $.
3- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NF ENERGY SAVING CP (NFES.OB) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 1.640 and 1.530, and is currently supporting at 1.652.
NF ENERGY SAVING CP (NFES.OB) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Top Pattern at 1.640 that failed, and formed a support .
6- The Stock was supported by a support line, identified by two points: 1.530 and 1.420, and is currently supporting at 1.713.
NF ENERGY SAVING CP (NFES.OB) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 1.420 and 1.000,resistance between 1.640 and 1.100 which was broken down at 1.580.

Stock Trading Conclusion:
NF ENERGY SAVING CP (NFES.OB) was trading in a bullish wave, which is becoming weaker .
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 : 2.76.
Stock Support levels : 1.72, 1.71, 1.71, 1.69, 1.68, 1.65, 1.64,.