Today we will analyze the stock OHIO POWER CO 4.50 (OHIPM.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in OHIO POWER CO 4.50 (OHIPM.OB)
1- Last bearish trend was from 89.08 $ (8/9/2011) to 75.22 $ (8/25/2011) a 13.86 $ move 2- The current bullish trend started from 75.22 $ at 8/25/2011 and is currently trading at 109.15 $.
3- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
OHIO POWER CO 4.50 (OHIPM.OB) Short term stock chart patterns for internet stock trading :

None.
OHIO POWER CO 4.50 (OHIPM.OB) Mid term stock chart patterns for internet stock trading :

None.
OHIO POWER CO 4.50 (OHIPM.OB) Long term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 75.220 .
5- The Stock formed Double Top Pattern at 89.080 that failed, and formed a support .

Stock Trading Conclusion:
OHIO POWER CO 4.50 (OHIPM.OB) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : .
Stock Support levels : 101.14, 96.19, 92.18, 89.21, 88.18, 75.33,.