Today we will analyze the stock FALCON OIL and GAS LTD (Tier2) (FO.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in FALCON OIL and GAS LTD (Tier2) (FO.V)
1- Last bullish trend was from 0.11 $ (1/31/2012) to 0.12 $ (2/1/2012) a 0.01 $ move 2- The current bearish trend started from 0.12 $ at 2/1/2012 and is currently trading at 0.11 $.
3- FO.V current support level is at 0.11 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- FO.V current resistance level is at 0.11 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
FALCON OIL and GAS LTD (Tier2) (FO.V) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.110 $ and 0.120 $.

FALCON OIL and GAS LTD (Tier2) (FO.V) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.110 $ and 0.120 $.

FALCON OIL and GAS LTD (Tier2) (FO.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.100 .
9- The Stock formed a 0.020 $ height triangle which was broken up at 0.110, target of the pattern is 0.130.

Stock Trading Conclusion:
FALCON OIL and GAS LTD (Tier2) (FO.V) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.112, 0.114, 0.115, 0.116, 0.118, 0.120, 0.130.
Stock Support levels : 0.107, 0.104, 0.100,.