Today we will analyze the stock MICROMEM TECH INC (MMTIF.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MICROMEM TECH INC (MMTIF.OB)
1- Last bullish trend was from 0.78 $ (2/27/2014) to 0.87 $ (3/7/2014) a 0.09 $ move 2- The current bearish trend started from 0.87 $ at 3/7/2014 and is currently trading at 0.80 $.
3- MMTIF.OB current support level is at 0.78 which is the 100.00 % fibonacci retracement of the last 0.09 $ move.
4- MMTIF.OB current resistance level is at 0.81 which is the 61.80 % fibonacci retracement of the last 0.09 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
MICROMEM TECH INC (MMTIF.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.780 .
MICROMEM TECH INC (MMTIF.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.780 .
MICROMEM TECH INC (MMTIF.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.780 .
9- The Stock formed a 0.440 $ height triangle which was broken up at 0.850, target of the pattern is 1.290.

Stock Trading Conclusion:
MICROMEM TECH INC (MMTIF.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 0.814, 0.817, 0.825, 0.827, 0.835, 0.836, 0.843, 0.849, 0.870, 1.290.
Stock Support levels : 0.780, 0.756, 0.749,.