Today we will analyze the stock MALAGA FINANCIAL CP (MLGF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MALAGA FINANCIAL CP (MLGF.OB)
1- Last bullish trend was from 16.57 $ (4/15/2013) to 22.06 $ (1/20/2014) a 5.49 $ move 2- The current bearish trend started from 22.06 $ at 1/20/2014 and is currently trading at 19.50 $.
3- MLGF.OB current support level is at 19.31 which is the 50.00 % fibonacci retracement of the last 5.49 $ move.
4- MLGF.OB current resistance level is at 19.96 which is the 38.20 % fibonacci retracement of the last 5.49 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
MALAGA FINANCIAL CP (MLGF.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 16.570 and 16.270, and is currently supporting at 17.745.
MALAGA FINANCIAL CP (MLGF.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 15.980 and 13.530,resistance between 22.060 and 18.000 which was broken down at 19.500 in higher than usual volume.
MALAGA FINANCIAL CP (MLGF.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 15.980 and 11.790 that was broken down at 19.510 transforming into a resistance line.

Stock Trading Conclusion:
MALAGA FINANCIAL CP (MLGF.OB) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 19.96, 19.97, 20.10, 20.48, 20.76, 20.78, 21.08, 21.30, 22.06,.
Stock Support levels : 19.31, 18.67, 17.74, 16.57, 15.08,.