Today we will analyze the stock PURERAY CORPORATION (PURY.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in PURERAY CORPORATION (PURY.OB)
1- Last bearish trend was from 1.10 $ (6/17/2008) to 0.75 $ (8/21/2008) a 0.35 $ move 2- The current bullish trend started from 0.75 $ at 8/21/2008 and is currently trading at 0.97 $.
3- PURY.OB current support level is at 0.97 which is the 61.80 % fibonacci retracement of the last 0.35 $ move.
4- PURY.OB current resistance level is at 1.10 which is the 100.00 % fibonacci retracement of the last 0.35 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
PURERAY CORPORATION (PURY.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 1.100 .
PURERAY CORPORATION (PURY.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 1.100 .
PURERAY CORPORATION (PURY.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 1.100 .

Stock Trading Conclusion:
PURERAY CORPORATION (PURY.OB) was trading in a strong bullish 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 : 1.100, 1.195, 1.316.
Stock Support levels : 0.966, 0.925, 0.918, 0.886, 0.884, 0.860, 0.834, 0.833, 0.750,.