Rival Technologies Inc. (OTC BB: RVTI.OB) (OTC:RVTI) Stock Research Trends Targets and Technical Analysis - OTC Over the bulletin board otcbb [en]

Today we will analyze the stock Rival Technologies Inc. (RVTI.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Rival Technologies Inc. (RVTI.OB)
1- Last bearish trend was from 0.18 $ (3/27/2009) to 0.15 $ (4/1/2009) a 0.03 $ move 2- The current bullish trend started from 0.15 $ at 4/1/2009 and is currently trading at 0.16 $. 3- RVTI.OB current support level is at 0.16 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
4- RVTI.OB current resistance level is at 0.16 which is the 38.20 % fibonacci retracement of the last 0.03 $ 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.
Rival Technologies Inc. (RVTI.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.570 $ height triangle which was broken up at 0.150 in higher than usual volume, target of the pattern is 0.720.
Rival Technologies Inc. (RVTI.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.570 $ height triangle which was broken up at 0.150 in higher than usual volume, target of the pattern is 0.720.
Rival Technologies Inc. (RVTI.OB) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.130 and 0.550,resistance between 0.180 and 0.700 which was broken up at 0.150 in higher than usual volume.

Stock Trading Conclusion:
Rival Technologies Inc. (RVTI.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 : 0.161, 0.165, 0.169, 0.180, 0.188, 0.199, 0.720,.
Stock Support levels : 0.158, 0.157, 0.156, 0.155, 0.154, 0.150, -0.117,.