Today we will analyze the stock MEGAWEST ENERGY CORP (MGWSF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MEGAWEST ENERGY CORP (MGWSF.OB)
1- Last bearish trend was from 0.03 $ (11/8/2010) to 0.02 $ (11/9/2010) a 0.01 $ move 2- The current bullish trend started from 0.02 $ at 11/9/2010 and is currently trading at 0.03 $.
3- MGWSF.OB current support level is at 0.03 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
4- MGWSF.OB current resistance level is at 0.03 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
MEGAWEST ENERGY CORP (MGWSF.OB) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.020 $ and 0.030 $.

MEGAWEST ENERGY CORP (MGWSF.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.020 $ and 0.030 $.

MEGAWEST ENERGY CORP (MGWSF.OB) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.020 $ and 0.030 $.


Stock Trading Conclusion:
MEGAWEST ENERGY CORP (MGWSF.OB) was trading in a strong bullish 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 : 0.033, 0.036, 0.050.
Stock Support levels : 0.028, 0.026, 0.025, 0.024, 0.022, 0.020,.