Today we will analyze the stock Plastinum Polymer Technologies Corp (PLNU.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Plastinum Polymer Technologies Corp (PLNU.OB)
1- Last bullish trend was from 0.02 $ (5/27/2011) to 0.04 $ (6/3/2011) a 0.02 $ move 2- The current bearish trend started from 0.04 $ at 6/3/2011 and is currently trading at 0.01 $.
3- PLNU.OB current support level is at 0.01 which is the 161.80 % fibonacci retracement of the last 0.02 $ move.
4- PLNU.OB current resistance level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
Plastinum Polymer Technologies Corp (PLNU.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.040 .
Plastinum Polymer Technologies Corp (PLNU.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.040 .
Plastinum Polymer Technologies Corp (PLNU.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.040 .

Stock Trading Conclusion:
Plastinum Polymer Technologies Corp (PLNU.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.015, 0.017, 0.020, 0.021, 0.025, 0.028, 0.029, 0.030, 0.032, 0.035, 0.040,.
Stock Support levels : 0.008.