Today we will analyze the stock Manhattan Pharmaceuticals Inc. (MHAN.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Manhattan Pharmaceuticals Inc. (MHAN.OB)
1- Last bearish trend was from 0.06 $ (12/6/2011) to 0.02 $ (1/9/2012) a 0.04 $ move 2- The current bullish trend started from 0.02 $ at 1/9/2012 and is currently trading at 0.04 $.
3- MHAN.OB current support level is at 0.04 which is the 50.00 % fibonacci retracement of the last 0.04 $ move.
4- MHAN.OB current resistance level is at 0.04 which is the 61.80 % fibonacci retracement of the last 0.04 $ 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.
6- Bullish Divergance in MACD Indicator .
Manhattan Pharmaceuticals Inc. (MHAN.OB) Short term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.060 and 0.200 that was broken up at 0.030 transforming into a supporting line.
Manhattan Pharmaceuticals Inc. (MHAN.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.060 and 0.200 that was broken up at 0.030 transforming into a supporting line.
Manhattan Pharmaceuticals Inc. (MHAN.OB) Long term stock chart patterns for internet stock trading :

9- The Stock was resisted by a resistance line, identified by two points: 0.060 and 0.200 that was broken up at 0.030 transforming into a supporting line.

Stock Trading Conclusion:
Manhattan Pharmaceuticals Inc. (MHAN.OB) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.045, 0.050, 0.060, 0.071, 0.085.
Stock Support levels : 0.035, 0.032, 0.030, 0.029, 0.028, 0.020, -0.064,.