Today we will analyze the stock National Patent Development Corp. (NPDV.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in National Patent Development Corp. (NPDV.OB)
1- Last bullish trend was from 2.45 $ (12/12/2012) to 2.60 $ (1/1/2013) a 0.15 $ move 2- The current bearish trend started from 2.60 $ at 1/1/2013 and is currently trading at 2.40 $.
3- NPDV.OB current support level is at 2.36 which is the 161.80 % fibonacci retracement of the last 0.15 $ move.
4- NPDV.OB current resistance level is at 2.41 which is the 127.20 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
National Patent Development Corp. (NPDV.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 2.600 and 2.700, and is currently resisting at 2.512.
National Patent Development Corp. (NPDV.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.600 and 2.700, and is currently resisting at 2.512.
National Patent Development Corp. (NPDV.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.090 $ height triangle which was broken down at 2.520, target of the pattern is 1.430.

Stock Trading Conclusion:
National Patent Development Corp. (NPDV.OB) was trading in a strong bearish wave, which is becoming stronger .
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 : 2.41, 2.45, 2.45, 2.48, 2.50, 2.51, 2.51, 2.52, 2.53, 2.54, 2.56, 2.60, 2.63.
Stock Support levels : 2.36,.