Today we will analyze the stock SMARTPAY EXPRESS INC (SPYE.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in SMARTPAY EXPRESS INC (SPYE.OB)
1- Last bullish trend was from 0.15 $ (12/16/2008) to 1.00 $ (2/6/2009) a 0.85 $ move 2- The current bearish trend started from 1.00 $ at 2/6/2009 and is currently trading at 0.15 $.
3- SPYE.OB current support level is at 0.15 which is the 100.00 % fibonacci retracement of the last 0.85 $ move.
4- SPYE.OB current resistance level is at 0.47 which is the 61.80 % fibonacci retracement of the last 0.85 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
SMARTPAY EXPRESS INC (SPYE.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.000 and 6.000 that was broken up at 0.150 transforming into a supporting line.
SMARTPAY EXPRESS INC (SPYE.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 1.000 and 6.000 that was broken up at 0.150 transforming into a supporting line.
SMARTPAY EXPRESS INC (SPYE.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 1.000 and 6.000 that was broken up at 0.150 transforming into a supporting line.

Stock Trading Conclusion:
SMARTPAY EXPRESS INC (SPYE.OB) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.351, 0.475, 0.475, 0.575, 0.575, 0.675, 0.799, 1.000,.
Stock Support levels : 0.150, -0.081, -0.375, -8.775,.