Today we will analyze the stock Spindletop Oil and Gas Co. (SPND.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Spindletop Oil and Gas Co. (SPND.OB)
1- Last bullish trend was from 1.98 $ (4/4/2012) to 2.35 $ (4/26/2012) a 0.37 $ move 2- The current bearish trend started from 2.35 $ at 4/26/2012 and is currently trading at 2.00 $.
3- SPND.OB current support level is at 1.98 which is the 100.00 % fibonacci retracement of the last 0.37 $ move.
4- SPND.OB current resistance level is at 2.12 which is the 61.80 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,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.
Spindletop Oil and Gas Co. (SPND.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.980 and 1.660 that was broken down at 2.350 transforming into a resistance line.
Spindletop Oil and Gas Co. (SPND.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.980 and 1.660 that was broken down at 2.350 transforming into a resistance line.
Spindletop Oil and Gas Co. (SPND.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.660 and 1.500, and is currently supporting at 1.848.

Stock Trading Conclusion:
Spindletop Oil and Gas Co. (SPND.OB) was trading in a strong bearish 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 : 2.08, 2.12, 2.13, 2.16, 2.17, 2.21, 2.22, 2.26, 2.35, 4.54,.
Stock Support levels : 1.98, 1.88, 1.85,.