Today we will analyze the stock Mechanics Bank (MCHB.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Mechanics Bank (MCHB.OB)
1- Last bearish trend was from 13,476.39 $ (10/25/2013) to 12,892.48 $ (1/7/2014) a 583.91 $ move 2- The current bullish trend started from 12,892.48 $ at 1/7/2014 and is currently trading at 13,300.00 $.
3- MCHB.OB current support level is at 13,253.34 which is the 61.80 % fibonacci retracement of the last 583.91 $ move.
4- MCHB.OB current resistance level is at 13,476.39 which is the 100.00 % fibonacci retracement of the last 583.91 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Mechanics Bank (MCHB.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 12,892.480 .
7- The Stock formed a 1,706.540 $ height triangle which was broken up at 13,328.840, target of the pattern is 15,035.380.
Mechanics Bank (MCHB.OB) Mid term stock chart patterns for internet stock trading :

None.
Mechanics Bank (MCHB.OB) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Mechanics Bank (MCHB.OB) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 13,476.39, 13,635.21, 13,837.25, 15,035.38.
Stock Support levels : 13,253.34, 13,203.83, 13,184.44, 13,144.33, 13,115.53, 13,096.24, 13,048.15, 13,030.28, 12,892.48, 12,884.59, 12,881.30, 12,878.01,.