Today we will analyze the stock PACIFICNET INC (PACT.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in PACIFICNET INC (PACT.OB)
1- Last bearish trend was from 6.97 $ (9/6/2013) to 5.89 $ (10/3/2013) a 1.08 $ move 2- The current bullish trend started from 5.89 $ at 10/3/2013 and is currently trading at 7.19 $.
3- PACT.OB current support level is at 6.97 which is the 100.00 % fibonacci retracement of the last 1.08 $ move.
4- PACT.OB current resistance level is at 7.26 which is the 127.20 % fibonacci retracement of the last 1.08 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
PACIFICNET INC (PACT.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 6.970 that failed, and formed a support .
PACIFICNET INC (PACT.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 6.970 that failed, and formed a support .
PACIFICNET INC (PACT.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 3.210 $ height triangle which was broken up at 7.070 in higher than usual volume, target of the pattern is 10.280.

Stock Trading Conclusion:
PACIFICNET INC (PACT.OB) was trading in a strong bullish wave, which is becoming stronger .
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 : 7.26, 7.64, 10.28.
Stock Support levels : 7.03, 7.03, 7.02, 6.97, 6.88, 6.69, 6.56, 6.54, 6.43, 6.39, 6.30, 6.14, 6.04, 5.89,.