Today we will analyze the stock Spongetech Delivery Systems Inc (SPNG.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Spongetech Delivery Systems Inc (SPNG.OB)
1- Last bullish trend was from 0.01 $ (5/11/2010) to 0.02 $ (5/12/2010) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 5/12/2010 and is currently trading at 0.01 $.
3- SPNG.OB current support level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- SPNG.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 bullish,which is becoming weaker.
Spongetech Delivery Systems Inc (SPNG.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.050 that was broken up at 0.010 transforming into a supporting line.
Spongetech Delivery Systems Inc (SPNG.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.050 that was broken up at 0.010 transforming into a supporting line.
Spongetech Delivery Systems Inc (SPNG.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.050 that was broken up at 0.010 transforming into a supporting line.

Stock Trading Conclusion:
Spongetech Delivery Systems Inc (SPNG.OB) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.012, 0.014, 0.015, 0.016, 0.018, 0.020, 0.050.
Stock Support levels : 0.007, 0.004, -0.019,.