Today we will analyze the stock Pinpoint Recovery Solutions Corp. (PPNT.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Pinpoint Recovery Solutions Corp. (PPNT.OB)
1- Last bullish trend was from 0.03 $ (5/13/2011) to 0.05 $ (6/1/2011) a 0.02 $ move 2- The current bearish trend started from 0.05 $ at 6/1/2011 and is currently trading at 0.03 $.
3- PPNT.OB current support level is at 0.02 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
4- PPNT.OB current resistance level is at 0.03 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Pinpoint Recovery Solutions Corp. (PPNT.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.050 .
7- The Stock formed a 0.030 $ height triangle which was broken down at 0.030 in higher than usual volume, target of the pattern is -0.000.
Pinpoint Recovery Solutions Corp. (PPNT.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.050 .
9- The Stock formed a 0.030 $ height triangle which was broken down at 0.030 in higher than usual volume, target of the pattern is -0.000.
Pinpoint Recovery Solutions Corp. (PPNT.OB) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.050 .
11- The Stock formed a 0.030 $ height triangle which was broken down at 0.030 in higher than usual volume, target of the pattern is -0.000.

Stock Trading Conclusion:
Pinpoint Recovery Solutions Corp. (PPNT.OB) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.035, 0.038, 0.038, 0.040, 0.042, 0.045, 0.050, 0.050, 0.058,.
Stock Support levels : 0.025, 0.018, -0.000,.