Today we will analyze the stock OHIO POWER CO 4.20 (OHIPO.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in OHIO POWER CO 4.20 (OHIPO.OB)
1- Last bearish trend was from 81.42 $ (4/19/2011) to 75.25 $ (4/21/2011) a 6.17 $ move 2- The current bullish trend started from 75.25 $ at 4/21/2011 and is currently trading at 103.25 $.
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 4.20 (OHIPO.OB) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 75.250 and 71.300 that was broken down at 103.250 transforming into a resistance line.
OHIO POWER CO 4.20 (OHIPO.OB) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 75.250 and 71.300 that was broken down at 103.250 transforming into a resistance line.
OHIO POWER CO 4.20 (OHIPO.OB) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 13.940 $ height triangle which was broken up at 77.960 in higher than usual volume, target of the pattern is 91.900.

Stock Trading Conclusion:
OHIO POWER CO 4.20 (OHIPO.OB) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 105.27,.
Stock Support levels : 96.64, 92.55, 89.25, 85.95, 75.25,.