Today we will analyze the stock Magnum d'Or Resources Inc. (MDOR.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Magnum d'Or Resources Inc. (MDOR.OB)
1- Last bullish trend was from 0.31 $ (4/16/2010) to 0.33 $ (4/19/2010) a 0.02 $ move 2- The current bearish trend started from 0.33 $ at 4/19/2010 and is currently trading at 0.28 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Magnum d'Or Resources Inc. (MDOR.OB) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bearish stock channel identifed by support at 0.310 and 0.500,resistance between 0.330 and 0.520 which was broken up at 0.320.
Magnum d'Or Resources Inc. (MDOR.OB) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 0.310 and 0.630,resistance between 0.330 and 0.690, the stock channel is currently supported from below by 0.254 and resisted from above by 0.283.
Magnum d'Or Resources Inc. (MDOR.OB) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 0.180 $ height triangle which was broken down at 0.600, target of the pattern is 0.420.

Stock Trading Conclusion:
Magnum d'Or Resources Inc. (MDOR.OB) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.292, 0.299, 0.305, 0.311, 0.330, 0.520, 0.670, 0.690.
Stock Support levels :.