Today we will analyze the stock MIDDLE KINGDOM CL B (MKGBB.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MIDDLE KINGDOM CL B (MKGBB.OB)
1- Last bullish trend was from 3.50 $ (8/6/2009) to 8.00 $ (8/20/2009) a 4.50 $ move 2- The current bearish trend started from 8.00 $ at 8/20/2009 and is currently trading at 7.50 $.
3- MKGBB.OB current support level is at 6.94 which is the 23.60 % fibonacci retracement of the last 4.50 $ move.
4- MKGBB.OB current resistance level is at 8.00 which is the 0.00 % fibonacci retracement of the last 4.50 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MIDDLE KINGDOM CL B (MKGBB.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 8.000 and 9.000, and is currently resisting at 7.636.
MIDDLE KINGDOM CL B (MKGBB.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 8.000 and 9.000, and is currently resisting at 7.636.
MIDDLE KINGDOM CL B (MKGBB.OB) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
MIDDLE KINGDOM CL B (MKGBB.OB) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 7.62, 7.64, 7.69, 7.75, 7.81, 8.00,.
Stock Support levels : 6.94, 6.28, 5.75, 5.22, 3.50, 2.28,.