Today we will analyze the stock ASIA BIO-CHEM GROUP CORP (Tier2 (ABC.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in ASIA BIO-CHEM GROUP CORP (Tier2 (ABC.V)
1- Last bearish trend was from 0.18 $ (1/31/2012) to 0.17 $ (2/2/2012) a 0.01 $ move 2- The current bullish trend started from 0.17 $ at 2/2/2012 and is currently trading at 0.18 $.
3- ABC.V current support level is at 0.18 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- ABC.V current resistance level is at 0.18 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently 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.
ASIA BIO-CHEM GROUP CORP (Tier2 (ABC.V) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bullish stock channel identifed by support at 0.170 and 0.140,resistance between 0.180 and 0.150, the stock channel is currently supported from below by 0.178 and resisted from above by 0.203.
ASIA BIO-CHEM GROUP CORP (Tier2 (ABC.V) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.140 .
8- The Stock formed Double Top Pattern at 0.150 that failed, and formed a support .
ASIA BIO-CHEM GROUP CORP (Tier2 (ABC.V) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 0.140 and 0.130, and is currently supporting at 0.142.

Stock Trading Conclusion:
ASIA BIO-CHEM GROUP CORP (Tier2 (ABC.V) was trading in a bullish wave, which is becoming stronger .
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 : 0.183, 0.186.
Stock Support levels : 0.178, 0.176, 0.175, 0.174, 0.172, 0.170, 0.150, 0.142, 0.140,.