Today we will analyze the stock Lightwave Logic (LWLG.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Lightwave Logic (LWLG.OB)
1- Last bullish trend was from 0.88 $ (3/5/2014) to 0.92 $ (3/6/2014) a 0.04 $ move 2- The current bearish trend started from 0.92 $ at 3/6/2014 and is currently trading at 0.88 $.
3- LWLG.OB current support level is at 0.87 which is the 127.20 % fibonacci retracement of the last 0.04 $ move.
4- LWLG.OB current resistance level is at 0.88 which is the 100.00 % fibonacci retracement of the last 0.04 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
Lightwave Logic (LWLG.OB) Short term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 0.880 and 0.910,resistance between 0.920 and 0.950, the stock channel is currently supported from below by 0.857 and resisted from above by 0.905.
Lightwave Logic (LWLG.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.160 $ height triangle which was broken down at 0.880, target of the pattern is 0.720.
Lightwave Logic (LWLG.OB) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Lightwave Logic (LWLG.OB) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.889, 0.889, 0.895, 0.900, 0.905, 0.911, 0.920, 0.940.
Stock Support levels : 0.869, 0.855,.