Today we will analyze the stock PATRIOT PETROLEUM CORP (Tier2) (PPC.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in PATRIOT PETROLEUM CORP (Tier2) (PPC.V)
1- Last bearish trend was from 0.30 $ (9/20/2011) to 0.20 $ (12/12/2011) a 0.10 $ move 2- The current bullish trend started from 0.20 $ at 12/12/2011 and is currently trading at 0.25 $.
3- PPC.V current support level is at 0.25 which is the 50.00 % fibonacci retracement of the last 0.10 $ move.
4- PPC.V current resistance level is at 0.26 which is the 61.80 % fibonacci retracement of the last 0.10 $ move.
5- 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.
PATRIOT PETROLEUM CORP (Tier2) (PPC.V) Short term stock chart patterns for internet stock trading :

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PATRIOT PETROLEUM CORP (Tier2) (PPC.V) Mid term stock chart patterns for internet stock trading :

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PATRIOT PETROLEUM CORP (Tier2) (PPC.V) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 0.310 $ height triangle which was broken up at 0.200, target of the pattern is 0.510.

Stock Trading Conclusion:
PATRIOT PETROLEUM CORP (Tier2) (PPC.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 : 0.262, 0.300, 0.327, 0.362, 0.510.
Stock Support levels : 0.238, 0.238, 0.231, 0.225, 0.224, 0.219, 0.200,.