Today we will analyze the stock POWERSAFE TECH NEW (PSFT.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in POWERSAFE TECH NEW (PSFT.OB)
1- Last bullish trend was from 0.10 $ (10/25/2011) to 0.16 $ (3/15/2012) a 0.06 $ move 2- The current bearish trend started from 0.16 $ at 3/15/2012 and is currently trading at 0.10 $.
3- PSFT.OB current support level is at 0.08 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
4- PSFT.OB current resistance level is at 0.10 which is the 100.00 % fibonacci retracement of the last 0.06 $ 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.
POWERSAFE TECH NEW (PSFT.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.100 .
POWERSAFE TECH NEW (PSFT.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.100 .
POWERSAFE TECH NEW (PSFT.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.100 .

Stock Trading Conclusion:
POWERSAFE TECH NEW (PSFT.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.114, 0.123, 0.123, 0.130, 0.137, 0.146, 0.160,.
Stock Support levels : 0.084,.