Today we will analyze the stock Melt Inc. (MLTC.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Melt Inc. (MLTC.OB)
1- Last bullish trend was from 0.01 $ (10/15/2010) to 0.02 $ (11/4/2010) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 11/4/2010 and is currently trading at 0.01 $.
3- MLTC.OB current support level is at 0.01 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- MLTC.OB current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- 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.
Melt Inc. (MLTC.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.040 that was broken up at 0.010 transforming into a supporting line.
Melt Inc. (MLTC.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.040 that was broken up at 0.010 transforming into a supporting line.
Melt Inc. (MLTC.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.020 and 0.040 that was broken up at 0.010 transforming into a supporting line.

Stock Trading Conclusion:
Melt Inc. (MLTC.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 : 0.012, 0.014, 0.015, 0.016, 0.018, 0.020,.
Stock Support levels : 0.007, 0.004, -0.287,.