Today we will analyze the stock PINNACLE ENERGY CORP (PENC.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in PINNACLE ENERGY CORP (PENC.OB)
1- Last bullish trend was from 0.22 $ (3/1/2010) to 0.26 $ (3/2/2010) a 0.04 $ move 2- The current bearish trend started from 0.26 $ at 3/2/2010 and is currently trading at 0.24 $.
3- PENC.OB current support level is at 0.24 which is the 61.80 % fibonacci retracement of the last 0.04 $ move.
4- PENC.OB current resistance level is at 0.24 which is the 50.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
PINNACLE ENERGY CORP (PENC.OB) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.220 .
8- The Stock formed a 0.060 $ height triangle.
PINNACLE ENERGY CORP (PENC.OB) Mid term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 0.220 .
10- The Stock formed a 0.060 $ height triangle.
PINNACLE ENERGY CORP (PENC.OB) Long term stock chart patterns for internet stock trading :

11- The Stock formed Double Bottom Pattern at 0.220 .
12- The Stock formed a 0.080 $ height triangle.

Stock Trading Conclusion:
PINNACLE ENERGY CORP (PENC.OB) was trading in a strong 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 : 0.245, 0.248, 0.250, 0.251, 0.252, 0.260,.
Stock Support levels : 0.235, 0.220, 0.209,.