Today we will analyze the stock Majestic Oil and Gas Inc. (MJOG.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Majestic Oil and Gas Inc. (MJOG.OB)
1- Last bullish trend was from 0.04 $ (12/18/2013) to 0.05 $ (12/20/2013) a 0.01 $ move 2- The current bearish trend started from 0.05 $ at 12/20/2013 and is currently trading at 0.01 $.
3- 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.
Majestic Oil and Gas Inc. (MJOG.OB) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 0.040 that failed and formed a resistance.
5- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.410 that was broken up at 0.010 transforming into a supporting line.
Majestic Oil and Gas Inc. (MJOG.OB) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.040 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.410 that was broken up at 0.010 transforming into a supporting line.
Majestic Oil and Gas Inc. (MJOG.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.040 that failed and formed a resistance.
9- The Stock was resisted by a resistance line, identified by two points: 0.050 and 0.410 that was broken up at 0.010 transforming into a supporting line.

Stock Trading Conclusion:
Majestic Oil and Gas Inc. (MJOG.OB) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.019, 0.025, 0.030, 0.035, 0.040, 0.050.
Stock Support levels : -2.030,.