Today we will analyze the stock PHOSCAN CHEMICAL CORP (Tier2) (FOS.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in PHOSCAN CHEMICAL CORP (Tier2) (FOS.V)
1- Last bearish trend was from 0.36 $ (4/11/2012) to 0.33 $ (4/30/2012) a 0.03 $ move 2- The current bullish trend started from 0.33 $ at 4/30/2012 and is currently trading at 0.33 $.
3- FOS.V current support level is at 0.33 which is the 0.00 % fibonacci retracement of the last 0.03 $ move.
4- FOS.V current resistance level is at 0.34 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently 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.
PHOSCAN CHEMICAL CORP (Tier2) (FOS.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.360 .
PHOSCAN CHEMICAL CORP (Tier2) (FOS.V) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.070 $ height triangle which was broken down at 0.350 in higher than usual volume, target of the pattern is 0.280.
PHOSCAN CHEMICAL CORP (Tier2) (FOS.V) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.330 and 0.290 that was broken down at 0.350 transforming into a resistance line.

Stock Trading Conclusion:
PHOSCAN CHEMICAL CORP (Tier2) (FOS.V) was trading in a bearish 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 : 0.337, 0.341, 0.345, 0.349, 0.360, 0.368, 0.376, 0.379, 0.384.
Stock Support levels :.