Today we will analyze the stock OMNI-LITE INDUSTRIES CANADA INC (OML.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in OMNI-LITE INDUSTRIES CANADA INC (OML.V)
1- Last bullish trend was from 1.35 $ (4/10/2012) to 1.42 $ (4/13/2012) a 0.07 $ move 2- The current bearish trend started from 1.42 $ at 4/13/2012 and is currently trading at 1.35 $.
3- OML.V current support level is at 1.33 which is the 127.20 % fibonacci retracement of the last 0.07 $ move.
4- OML.V current resistance level is at 1.35 which is the 100.00 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
OMNI-LITE INDUSTRIES CANADA INC (OML.V) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 1.350 and 1.620,resistance between 1.420 and 1.700 which was broken up at 1.390.
OMNI-LITE INDUSTRIES CANADA INC (OML.V) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 1.360 that failed and formed a resistance.
OMNI-LITE INDUSTRIES CANADA INC (OML.V) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.590 $ height triangle which was broken down at 1.410 in higher than usual volume, target of the pattern is 0.820.

Stock Trading Conclusion:
OMNI-LITE INDUSTRIES CANADA INC (OML.V) was trading in a bullish 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 : 1.36, 1.37, 1.38, 1.38, 1.39, 1.40, 1.42, 1.51.
Stock Support levels : 1.33, 1.31, 1.22,.