Today we will analyze the stock Marine Growth Ventures Inc. (MGRW.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Marine Growth Ventures Inc. (MGRW.OB)
1- Last bullish trend was from 0.01 $ (9/13/2011) to 0.02 $ (3/12/2012) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 3/12/2012 and is currently trading at 0.01 $.
3- MGRW.OB current support level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- MGRW.OB current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.01 $ 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.
Marine Growth Ventures Inc. (MGRW.OB) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.010 $ and 0.020 $.

Marine Growth Ventures Inc. (MGRW.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.010 $ and 0.020 $.

Marine Growth Ventures Inc. (MGRW.OB) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.010 $ and 0.020 $.


Stock Trading Conclusion:
Marine Growth Ventures Inc. (MGRW.OB) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.012, 0.014, 0.015, 0.016, 0.018, 0.020,.
Stock Support levels : 0.007,.