Today we will analyze the stock 5N PLUS INC (FPLSF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in 5N PLUS INC (FPLSF.PK)
1- Last bullish trend was from 2.89 $ (4/25/2012) to 3.31 $ (5/2/2012) a 0.42 $ move 2- The current bearish trend started from 3.31 $ at 5/2/2012 and is currently trading at 3.20 $.
3- FPLSF.PK current support level is at 3.15 which is the 38.20 % fibonacci retracement of the last 0.42 $ move.
4- FPLSF.PK current resistance level is at 3.21 which is the 23.60 % fibonacci retracement of the last 0.42 $ 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.
5N PLUS INC (FPLSF.PK) Short term stock chart patterns for internet stock trading :

None.
5N PLUS INC (FPLSF.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.250 and 5.370, and is currently resisting at 4.622.
5N PLUS INC (FPLSF.PK) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 5.370 and 6.640 that was broken up at 5.180 transforming into a supporting line.

Stock Trading Conclusion:
5N PLUS INC (FPLSF.PK) was trading in a strong bearish wave, which is becoming weaker .
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 : 3.21, 3.23, 3.24, 3.26, 3.27, 3.31, 4.62.
Stock Support levels : 3.15, 3.10, 3.05, 2.89, 2.78, 2.63,.