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 bullish trend was from 0.05 $ (12/22/2011) to 0.15 $ (1/27/2012) a 0.10 $ move 2- The current bearish trend started from 0.15 $ at 1/27/2012 and is currently trading at 0.05 $.
3- MAGAA.OB current support level is at 0.05 which is the 100.00 % fibonacci retracement of the last 0.10 $ move.
4- MAGAA.OB current resistance level is at 0.09 which is the 61.80 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Magna-Lab Inc. (MAGAA.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.250, and is currently resisting at 0.112.
Magna-Lab Inc. (MAGAA.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.250, and is currently resisting at 0.112.
Magna-Lab Inc. (MAGAA.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.150 and 0.250, and is currently resisting at 0.112.

Stock Trading Conclusion:
Magna-Lab Inc. (MAGAA.OB) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.074, 0.088, 0.100, 0.100, 0.112, 0.112, 0.126, 0.150,.
Stock Support levels : 0.050, 0.023,.