Today we will analyze the stock MAGELLAN HLTH WTS (MGLNW.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MAGELLAN HLTH WTS (MGLNW.OB)
1- Last bearish trend was from 16.00 $ (12/16/2010) to 15.45 $ (12/20/2010) a 0.55 $ move 2- The current bullish trend started from 15.45 $ at 12/20/2010 and is currently trading at 16.45 $.
3- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MAGELLAN HLTH WTS (MGLNW.OB) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 5.600 $ height triangle which was broken up at 15.450, target of the pattern is 21.050 which was broken down at 16.450, target of the pattern is 10.850.
MAGELLAN HLTH WTS (MGLNW.OB) Mid term stock chart patterns for internet stock trading :

5- The Stock was supported by a support line, identified by two points: 13.000 and 9.000 that was broken down at 16.450 transforming into a resistance line.
MAGELLAN HLTH WTS (MGLNW.OB) Long term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 13.000 and 9.000 that was broken down at 16.450 transforming into a resistance line.

Stock Trading Conclusion:
MAGELLAN HLTH WTS (MGLNW.OB) was trading in a 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 : 16.87, 21.05, 84.87.
Stock Support levels : 16.21, 16.07, 15.95, 15.83, 15.45, 10.85,.