Today we will analyze the stock POTASH NORTH RES (PTNHF.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in POTASH NORTH RES (PTNHF.PK)
1- Last bearish trend was from 0.44 $ (3/26/2009) to 0.39 $ (4/3/2009) a 0.05 $ move 2- The current bullish trend started from 0.39 $ at 4/3/2009 and is currently trading at 0.41 $.
3- PTNHF.PK current support level is at 0.41 which is the 38.20 % fibonacci retracement of the last 0.05 $ move.
4- PTNHF.PK current resistance level is at 0.41 which is the 50.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
POTASH NORTH RES (PTNHF.PK) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.390 and 0.280,resistance between 0.440 and 0.330 which was broken down at 0.400.
POTASH NORTH RES (PTNHF.PK) Mid term stock chart patterns for internet stock trading :

None.
POTASH NORTH RES (PTNHF.PK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
POTASH NORTH RES (PTNHF.PK) was trading in a strong bullish wave, which is becoming stronger .
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 : 0.415, 0.421, 0.440, 0.448, 0.454, 0.471.
Stock Support levels : 0.409, 0.405, 0.402, 0.402, 0.400, 0.398, 0.390,.