Today we will analyze the stock Katy Industries (KATY.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Katy Industries (KATY.OB)
1- Last bullish trend was from 1.11 $ (3/6/2014) to 1.15 $ (3/7/2014) a 0.04 $ move 2- The current bearish trend started from 1.15 $ at 3/7/2014 and is currently trading at 1.10 $.
3- KATY.OB current support level is at 1.10 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
4- KATY.OB current resistance level is at 1.11 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Katy Industries (KATY.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 1.150 and 1.480 that was broken up at 1.100 transforming into a supporting line.
Katy Industries (KATY.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 1.240 and 1.100,resistance between 1.480 and 1.390 which was broken down at 1.110.
Katy Industries (KATY.OB) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 1.240 and 1.100,resistance between 1.480 and 1.390 which was broken down at 1.110.

Stock Trading Conclusion:
Katy Industries (KATY.OB) was trading in a strong bearish wave, which is becoming stronger .
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 : 1.11, 1.11, 1.12, 1.13, 1.13, 1.13, 1.13, 1.13, 1.14, 1.15, 1.29,.
Stock Support levels : 1.10, 1.09,.