Today we will analyze the stock MangoSoft Inc. (MGOF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MangoSoft Inc. (MGOF.OB)
1- Last bullish trend was from 0.11 $ (1/25/2011) to 0.50 $ (1/28/2011) a 0.39 $ move 2- The current bearish trend started from 0.50 $ at 1/28/2011 and is currently trading at 0.14 $.
3- MGOF.OB current support level is at 0.11 which is the 100.00 % fibonacci retracement of the last 0.39 $ move.
4- MGOF.OB current resistance level is at 0.26 which is the 61.80 % fibonacci retracement of the last 0.39 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bearish Divergance in MACD Indicator .
MangoSoft Inc. (MGOF.OB) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 0.500 .
8- The Stock formed a 0.400 $ height triangle.
MangoSoft Inc. (MGOF.OB) Mid term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 0.500 .
10- The Stock formed a 0.400 $ height triangle.
MangoSoft Inc. (MGOF.OB) Long term stock chart patterns for internet stock trading :

11- The Stock formed Double Top Pattern at 0.500 .
12- The Stock formed a 0.400 $ height triangle.

Stock Trading Conclusion:
MangoSoft Inc. (MGOF.OB) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.225, 0.259, 0.278, 0.305, 0.320, 0.351, 0.362, 0.408, 0.500,.
Stock Support levels : 0.110, 0.100, 0.004,.