Today we will analyze the stock Monarch Cement Co. (MCEM.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Monarch Cement Co. (MCEM.OB)
1- Last bullish trend was from 24.76 $ (3/4/2014) to 26.00 $ (3/5/2014) a 1.24 $ move 2- The current bearish trend started from 26.00 $ at 3/5/2014 and is currently trading at 24.21 $.
3- MCEM.OB current support level is at 23.99 which is the 161.80 % fibonacci retracement of the last 1.24 $ move.
4- MCEM.OB current resistance level is at 24.42 which is the 127.20 % fibonacci retracement of the last 1.24 $ 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.
Monarch Cement Co. (MCEM.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 26.000 .
7- The Stock formed a 2.930 $ height triangle which was broken down at 24.250 in higher than usual volume, target of the pattern is 21.320.
Monarch Cement Co. (MCEM.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 4.870 $ height triangle which was broken down at 24.250 in higher than usual volume, target of the pattern is 19.380.
Monarch Cement Co. (MCEM.OB) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 5.020 $ height triangle which was broken down at 24.250 in higher than usual volume, target of the pattern is 19.230.

Stock Trading Conclusion:
Monarch Cement Co. (MCEM.OB) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 24.42, 24.63, 24.73, 24.76, 24.85, 24.89, 25.10, 25.23, 25.32, 25.38, 25.53, 25.71, 26.00,.
Stock Support levels : 23.99, 21.32, 19.38,.