Today we will analyze the stock NETWORK CN INC (NWCN.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in NETWORK CN INC (NWCN.OB)
1- Last bearish trend was from 0.16 $ (4/13/2012) to 0.10 $ (4/16/2012) a 0.06 $ move 2- The current bullish trend started from 0.10 $ at 4/16/2012 and is currently trading at 0.19 $.
3- NWCN.OB current support level is at 0.18 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
4- NWCN.OB current resistance level is at 0.20 which is the 161.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
NETWORK CN INC (NWCN.OB) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.100 and 0.150,resistance between 0.160 and 0.300 which was broken up at 0.190 in higher than usual volume.
NETWORK CN INC (NWCN.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.100 and 0.150,resistance between 0.160 and 0.300 which was broken up at 0.190 in higher than usual volume.
NETWORK CN INC (NWCN.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.860 $ height triangle which was broken up at 0.160, target of the pattern is 2.020.

Stock Trading Conclusion:
NETWORK CN INC (NWCN.OB) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.197, 2.020.
Stock Support levels : 0.176, 0.169, 0.160, 0.156, 0.145, 0.137, 0.134, 0.130, 0.123, 0.114, 0.100, 0.100, 0.090,.