Today we will analyze the stock MiMedx Group (MDXG.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MiMedx Group (MDXG.OB)
1- Last bullish trend was from 7.04 $ (3/3/2014) to 7.47 $ (3/5/2014) a 0.43 $ move 2- The current bearish trend started from 7.47 $ at 3/5/2014 and is currently trading at 7.23 $.
3- MDXG.OB current support level is at 7.20 which is the 61.80 % fibonacci retracement of the last 0.43 $ move.
4- MDXG.OB current resistance level is at 7.26 which is the 50.00 % fibonacci retracement of the last 0.43 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MiMedx Group (MDXG.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 7.040 .
MiMedx Group (MDXG.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 8.530 and 8.740, and is currently resisting at 7.862.
MiMedx Group (MDXG.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 8.530 and 8.740, and is currently resisting at 7.862.

Stock Trading Conclusion:
MiMedx Group (MDXG.OB) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 7.26, 7.29, 7.31, 7.32, 7.35, 7.37, 7.38, 7.47, 7.86,.
Stock Support levels : 7.20, 7.04, 7.01, 6.92,.