Today we will analyze the stock Mendocino Brewing Co. Inc. (MENB.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Mendocino Brewing Co. Inc. (MENB.OB)
1- Last bearish trend was from 0.25 $ (4/20/2012) to 0.16 $ (5/1/2012) a 0.09 $ move 2- The current bullish trend started from 0.16 $ at 5/1/2012 and is currently trading at 0.17 $.
3- MENB.OB current support level is at 0.16 which is the 0.00 % fibonacci retracement of the last 0.09 $ move.
4- MENB.OB current resistance level is at 0.18 which is the 23.60 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
Mendocino Brewing Co. Inc. (MENB.OB) Short term stock chart patterns for internet stock trading :

7- The Stock formed a 0.220 $ height triangle.
Mendocino Brewing Co. Inc. (MENB.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.220 $ height triangle.
Mendocino Brewing Co. Inc. (MENB.OB) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.250 and 0.370, and is currently resisting at 0.190.

Stock Trading Conclusion:
Mendocino Brewing Co. Inc. (MENB.OB) was trading in a strong bearish 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 : 0.181, 0.190, 0.194, 0.205, 0.216, 0.250, 0.274, 0.306.
Stock Support levels : 0.168, 0.166, 0.165, 0.164, 0.160,.