Today we will analyze the stock MediaNet Group Technologies Inc. (MEDG.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MediaNet Group Technologies Inc. (MEDG.OB)
1- Last bullish trend was from 0.44 $ (9/20/2012) to 0.47 $ (9/21/2012) a 0.03 $ move 2- The current bearish trend started from 0.47 $ at 9/21/2012 and is currently trading at 0.35 $.
3- According to ADX Indicator, the trend is currently bearish, 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.
4- Bullish Divergance in MACD Indicator .
MediaNet Group Technologies Inc. (MEDG.OB) Short term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 0.440 and 0.470,resistance between 0.470 and 0.490 which was broken down at 0.360 in higher than usual volume.
MediaNet Group Technologies Inc. (MEDG.OB) Mid term stock chart patterns for internet stock trading :

6- The Stock formed a 0.110 $ height triangle which was broken down at 0.440 in higher than usual volume, target of the pattern is 0.330.
MediaNet Group Technologies Inc. (MEDG.OB) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.380 and 0.370 that was broken down at 0.360 transforming into a resistance line.

Stock Trading Conclusion:
MediaNet Group Technologies Inc. (MEDG.OB) was trading in a bearish wave, which is becoming stronger .
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 : 0.378, 0.396, 0.397, 0.400, 0.410, 0.424, 0.456, 0.470.
Stock Support levels :.