Today we will analyze the stock NEWNORTH PROJECTS LTD. (Tier1) (NNP.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in NEWNORTH PROJECTS LTD. (Tier1) (NNP.V)
1- Last bearish trend was from 0.40 $ (3/2/2012) to 0.38 $ (4/25/2012) a 0.02 $ move 2- The current bullish trend started from 0.38 $ at 4/25/2012 and is currently trading at 0.45 $.
3- According to ADX Indicator, the trend is currently strong bullish, 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.
NEWNORTH PROJECTS LTD. (Tier1) (NNP.V) Short term stock chart patterns for internet stock trading :

4- The Stock was supported by a support line, identified by two points: 0.380 and 0.350, and is currently supporting at 0.385.
NEWNORTH PROJECTS LTD. (Tier1) (NNP.V) Mid term stock chart patterns for internet stock trading :

5- The Stock formed Double Bottom Pattern at 0.350 .
NEWNORTH PROJECTS LTD. (Tier1) (NNP.V) Long term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.350 .

Stock Trading Conclusion:
NEWNORTH PROJECTS LTD. (Tier1) (NNP.V) was trading in a strong bullish 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 : .
Stock Support levels : 0.433, 0.423, 0.415, 0.407, 0.385, 0.380, 0.350,.