Today we will analyze the stock Mitek Systems Inc. (MITK.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Mitek Systems Inc. (MITK.OB)
1- Last bullish trend was from 5.12 $ (2/26/2014) to 5.31 $ (3/3/2014) a 0.19 $ move 2- The current bearish trend started from 5.31 $ at 3/3/2014 and is currently trading at 5.05 $.
3- MITK.OB current support level is at 5.00 which is the 161.80 % fibonacci retracement of the last 0.19 $ move.
4- MITK.OB current resistance level is at 5.07 which is the 127.20 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Mitek Systems Inc. (MITK.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 5.120 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 5.310 and 5.480, and is currently resisting at 5.225.
Mitek Systems Inc. (MITK.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 5.480 and 7.030 that was broken up at 5.320 transforming into a supporting line.
Mitek Systems Inc. (MITK.OB) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 5.270 and 4.900 that was broken down at 5.380 transforming into a resistance line.

Stock Trading Conclusion:
Mitek Systems Inc. (MITK.OB) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 5.07, 5.10, 5.11, 5.12, 5.15, 5.18, 5.19, 5.21, 5.22, 5.22, 5.24, 5.27, 5.31, 5.55.
Stock Support levels : 5.00,.