Today we will analyze the stock Mogul Energy International Inc. (MGUY.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Mogul Energy International Inc. (MGUY.OB)
1- Last bullish trend was from 0.01 $ (6/26/2012) to 0.25 $ (9/27/2013) a 0.24 $ move 2- The current bearish trend started from 0.25 $ at 9/27/2013 and is currently trading at 0.01 $.
3- MGUY.OB current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.24 $ move.
4- According to ADX Indicator, the trend is currently strong 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.
Mogul Energy International Inc. (MGUY.OB) Short term stock chart patterns for internet stock trading :

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Mogul Energy International Inc. (MGUY.OB) Mid term stock chart patterns for internet stock trading :

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Mogul Energy International Inc. (MGUY.OB) Long term stock chart patterns for internet stock trading :

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Stock Trading Conclusion:
Mogul Energy International Inc. (MGUY.OB) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.010, 0.067, 0.102, 0.102, 0.130, 0.158, 0.193, 0.250,.
Stock Support levels : -0.055,.