Today we will analyze the stock NEWPORT EXPLORATION LTD. (Tier2 (NWX.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in NEWPORT EXPLORATION LTD. (Tier2 (NWX.V)
1- Last bullish trend was from 0.09 $ (3/1/2012) to 0.11 $ (3/8/2012) a 0.02 $ move 2- The current bearish trend started from 0.11 $ at 3/8/2012 and is currently trading at 0.10 $.
3- NWX.V current support level is at 0.10 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
4- NWX.V current resistance level is at 0.10 which is the 50.00 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
NEWPORT EXPLORATION LTD. (Tier2 (NWX.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.090 .
NEWPORT EXPLORATION LTD. (Tier2 (NWX.V) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.090 .
NEWPORT EXPLORATION LTD. (Tier2 (NWX.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.090 .

Stock Trading Conclusion:
NEWPORT EXPLORATION LTD. (Tier2 (NWX.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 : 0.102, 0.104, 0.105, 0.105, 0.106, 0.110,.
Stock Support levels : 0.098, 0.090, 0.085,.