Today we will analyze the stock FLAGSHIP INDUSTRIES INC. (Tier2 (FII.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in FLAGSHIP INDUSTRIES INC. (Tier2 (FII.V)
1- Last bullish trend was from 0.22 $ (6/17/2010) to 0.27 $ (6/30/2010) a 0.05 $ move 2- The current bearish trend started from 0.27 $ at 6/30/2010 and is currently trading at 0.22 $.
3- FII.V current support level is at 0.21 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
4- FII.V current resistance level is at 0.22 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
6- Bullish Divergance in MACD Indicator .
FLAGSHIP INDUSTRIES INC. (Tier2 (FII.V) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.220 and 0.300,resistance between 0.270 and 0.340 which was broken up at 0.220.
FLAGSHIP INDUSTRIES INC. (Tier2 (FII.V) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bearish stock channel identifed by support at 0.220 and 0.300,resistance between 0.270 and 0.340 which was broken up at 0.220.
FLAGSHIP INDUSTRIES INC. (Tier2 (FII.V) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bearish stock channel identifed by support at 0.220 and 0.300,resistance between 0.270 and 0.340 which was broken up at 0.220.

Stock Trading Conclusion:
FLAGSHIP INDUSTRIES INC. (Tier2 (FII.V) was trading in a strong bearish 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 : 0.232, 0.239, 0.245, 0.251, 0.258, 0.270,.
Stock Support levels : 0.206, 0.189, 0.175,.