Today we will analyze the stock Nitro Petroleum (NTRO.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Nitro Petroleum (NTRO.OB)
1- Last bullish trend was from 0.41 $ (2/20/2014) to 0.50 $ (3/3/2014) a 0.09 $ move 2- The current bearish trend started from 0.50 $ at 3/3/2014 and is currently trading at 0.45 $.
3- NTRO.OB current support level is at 0.44 which is the 61.80 % fibonacci retracement of the last 0.09 $ move.
4- NTRO.OB current resistance level is at 0.45 which is the 50.00 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Nitro Petroleum (NTRO.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.500 .
7- The Stock formed a 0.230 $ height triangle which was broken down at 0.450 in higher than usual volume, target of the pattern is 0.220.
Nitro Petroleum (NTRO.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.500 .
9- The Stock formed a 0.230 $ height triangle which was broken down at 0.450 in higher than usual volume, target of the pattern is 0.220.
Nitro Petroleum (NTRO.OB) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.500 .
11- The Stock formed a 0.230 $ height triangle which was broken down at 0.450 in higher than usual volume, target of the pattern is 0.220.

Stock Trading Conclusion:
Nitro Petroleum (NTRO.OB) was trading in a strong bullish wave, which is becoming weaker .
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 : 0.455, 0.462, 0.466, 0.469, 0.475, 0.479, 0.481, 0.500, 0.515,.
Stock Support levels : 0.444, 0.410, 0.386, 0.354, 0.220,.