Today we will analyze the stock Mass Megawatts Wind Power Inc. (MMGW.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Mass Megawatts Wind Power Inc. (MMGW.OB)
1- Last bearish trend was from 0.37 $ (10/22/2010) to 0.32 $ (11/5/2010) a 0.05 $ move 2- The current bullish trend started from 0.32 $ at 11/5/2010 and is currently trading at 0.35 $.
3- MMGW.OB current support level is at 0.34 which is the 50.00 % fibonacci retracement of the last 0.05 $ move.
4- MMGW.OB current resistance level is at 0.35 which is the 61.80 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
Mass Megawatts Wind Power Inc. (MMGW.OB) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.320 .
Mass Megawatts Wind Power Inc. (MMGW.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.320 .
Mass Megawatts Wind Power Inc. (MMGW.OB) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 0.320 .
10- The Stock formed a 0.060 $ height triangle.

Stock Trading Conclusion:
Mass Megawatts Wind Power Inc. (MMGW.OB) was trading in a bearish wave, which is becoming stronger .
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 : 0.351, 0.370, 0.384, 0.401.
Stock Support levels : 0.345, 0.343, 0.339, 0.339, 0.335, 0.332, 0.331, 0.320,.