Today we will analyze the stock Magna-Lab Inc. (MAGAA.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Magna-Lab Inc. (MAGAA.OB)
1- Last bearish trend was from 0.50 $ (2/25/2014) to 0.23 $ (3/3/2014) a 0.27 $ move 2- The current bullish trend started from 0.23 $ at 3/3/2014 and is currently trading at 0.25 $.
3- MAGAA.OB current support level is at 0.23 which is the 0.00 % fibonacci retracement of the last 0.27 $ move.
4- MAGAA.OB current resistance level is at 0.29 which is the 23.60 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Magna-Lab Inc. (MAGAA.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.230 and 0.010 that was broken down at 0.250 transforming into a resistance line.
Magna-Lab Inc. (MAGAA.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.230 and 0.010 that was broken down at 0.250 transforming into a resistance line.
Magna-Lab Inc. (MAGAA.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.010 .

Stock Trading Conclusion:
Magna-Lab Inc. (MAGAA.OB) was trading in a strong 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 : 0.288, 0.294, 0.333, 0.365, 0.397, 0.500, 0.573, 0.667.
Stock Support levels : 0.245, 0.242, 0.240, 0.238, 0.230, 0.010,.