Today we will analyze the stock ARMADA DATA CORPORATION (Tier2) (ARD.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in ARMADA DATA CORPORATION (Tier2) (ARD.V)
1- Last bullish trend was from 0.14 $ (4/17/2012) to 0.18 $ (4/23/2012) a 0.04 $ move 2- The current bearish trend started from 0.18 $ at 4/23/2012 and is currently trading at 0.15 $.
3- ARD.V current support level is at 0.14 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
4- ARD.V current resistance level is at 0.16 which is the 61.80 % fibonacci retracement of the last 0.04 $ 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.
ARMADA DATA CORPORATION (Tier2) (ARD.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.180 .
ARMADA DATA CORPORATION (Tier2) (ARD.V) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.180 .
ARMADA DATA CORPORATION (Tier2) (ARD.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.180 .

Stock Trading Conclusion:
ARMADA DATA CORPORATION (Tier2) (ARD.V) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.155, 0.157, 0.160, 0.161, 0.165, 0.165, 0.169, 0.171, 0.180,.
Stock Support levels : 0.140, 0.129,.