Today we will analyze the stock SmartMetric Inc. (SMME.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in SmartMetric Inc. (SMME.OB)
1- Last bearish trend was from 0.28 $ (1/27/2012) to 0.22 $ (2/2/2012) a 0.06 $ move 2- The current bullish trend started from 0.22 $ at 2/2/2012 and is currently trading at 0.26 $.
3- SMME.OB current support level is at 0.26 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
4- SMME.OB current resistance level is at 0.28 which is the 100.00 % fibonacci retracement of the last 0.06 $ 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.
SmartMetric Inc. (SMME.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.280 .
SmartMetric Inc. (SMME.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.280 .
SmartMetric Inc. (SMME.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.220 and 0.120, and is currently supporting at 0.225.

Stock Trading Conclusion:
SmartMetric Inc. (SMME.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 : 0.280, 0.296, 0.317.
Stock Support levels : 0.257, 0.251, 0.250, 0.245, 0.243, 0.240, 0.235, 0.234, 0.225, 0.220,.