Today we will analyze the stock POWER OIL and GAS INC (PWOIF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in POWER OIL and GAS INC (PWOIF.OB)
1- Last bullish trend was from 0.01 $ (12/21/2011) to 0.02 $ (12/29/2011) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 12/29/2011 and is currently trading at 0.01 $.
3- PWOIF.OB current support level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- PWOIF.OB current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.01 $ 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.
6- Bullish Divergance in MACD Indicator .
POWER OIL and GAS INC (PWOIF.OB) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.040, and is currently resisting at 0.019.
POWER OIL and GAS INC (PWOIF.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.040, and is currently resisting at 0.019.
POWER OIL and GAS INC (PWOIF.OB) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.040, and is currently resisting at 0.019.

Stock Trading Conclusion:
POWER OIL and GAS INC (PWOIF.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 : 0.012, 0.014, 0.015, 0.016, 0.018, 0.019, 0.020,.
Stock Support levels : 0.007,.