Today we will analyze the stock Morgan Creek Energy Corp. (MCKE.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Morgan Creek Energy Corp. (MCKE.OB)
1- Last bearish trend was from 0.05 $ (5/29/2012) to 0.03 $ (5/31/2012) a 0.02 $ move 2- The current bullish trend started from 0.03 $ at 5/31/2012 and is currently trading at 0.05 $.
3- MCKE.OB current support level is at 0.05 which is the 100.00 % fibonacci retracement of the last 0.02 $ move.
4- MCKE.OB current resistance level is at 0.06 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Morgan Creek Energy Corp. (MCKE.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.050 .
7- The Stock formed a 0.030 $ height triangle.
Morgan Creek Energy Corp. (MCKE.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.050 .
9- The Stock formed a 0.030 $ height triangle.
Morgan Creek Energy Corp. (MCKE.OB) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.050 .
11- The Stock formed a 0.030 $ height triangle.

Stock Trading Conclusion:
Morgan Creek Energy Corp. (MCKE.OB) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.055, 0.062.
Stock Support levels : 0.045, 0.042, 0.040, 0.038, 0.035, 0.030,.