Today we will analyze the stock PNG Venture Inc. (PNGX.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in PNG Venture Inc. (PNGX.OB)
1- Last bullish trend was from 0.15 $ (8/21/2009) to 0.51 $ (8/26/2009) a 0.36 $ move 2- The current bearish trend started from 0.51 $ at 8/26/2009 and is currently trading at 0.06 $.
3- PNGX.OB current support level is at 0.05 which is the 127.20 % fibonacci retracement of the last 0.36 $ move.
4- PNGX.OB current resistance level is at 0.15 which is the 100.00 % fibonacci retracement of the last 0.36 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
PNG Venture Inc. (PNGX.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.150 that failed and formed a resistance.
PNG Venture Inc. (PNGX.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.150 that failed and formed a resistance.
PNG Venture Inc. (PNGX.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.150 that failed and formed a resistance.

Stock Trading Conclusion:
PNG Venture Inc. (PNGX.OB) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.150, 0.166, 0.232, 0.285, 0.288, 0.330, 0.338, 0.372, 0.425, 0.510,.
Stock Support levels : 0.052,.