Today we will analyze the stock NEW GLOBAL VENTURES INTERNATION (NNG.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in NEW GLOBAL VENTURES INTERNATION (NNG.V)
1- Last bullish trend was from 0.14 $ (10/8/2010) to 0.15 $ (10/13/2010) a 0.01 $ move 2- The current bearish trend started from 0.15 $ at 10/13/2010 and is currently trading at 0.14 $.
3- NNG.V current support level is at 0.14 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- NNG.V current resistance level is at 0.14 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
NEW GLOBAL VENTURES INTERNATION (NNG.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.150 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.140, target of the pattern is 0.120.
NEW GLOBAL VENTURES INTERNATION (NNG.V) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.150 .
9- The Stock formed a 0.020 $ height triangle which was broken down at 0.140, target of the pattern is 0.120.
NEW GLOBAL VENTURES INTERNATION (NNG.V) Long term stock chart patterns for internet stock trading :

10- The Stock was supported by a support line, identified by two points: 0.130 and 0.100, and is currently supporting at 0.139.

Stock Trading Conclusion:
NEW GLOBAL VENTURES INTERNATION (NNG.V) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.142, 0.144, 0.145, 0.145, 0.146, 0.148, 0.148, 0.150,.
Stock Support levels : 0.139, 0.137, 0.134, 0.120,.