Today we will analyze the stock Mandalay Media Inc. (MNDL.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Mandalay Media Inc. (MNDL.OB)
1- Last bullish trend was from 4.17 $ (3/4/2014) to 4.31 $ (3/5/2014) a 0.14 $ move 2- The current bearish trend started from 4.31 $ at 3/5/2014 and is currently trading at 4.15 $.
3- MNDL.OB current support level is at 4.13 which is the 127.20 % fibonacci retracement of the last 0.14 $ move.
4- MNDL.OB current resistance level is at 4.17 which is the 100.00 % fibonacci retracement of the last 0.14 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Mandalay Media Inc. (MNDL.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.760 $ height triangle which was broken up at 4.220, target of the pattern is 4.980 which was broken down at 4.150, target of the pattern is 3.390.
Mandalay Media Inc. (MNDL.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 3.870 and 3.340 that was broken down at 4.600 transforming into a resistance line.
Mandalay Media Inc. (MNDL.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 3.340 and 2.720 that was broken down at 4.100 transforming into a resistance line.

Stock Trading Conclusion:
Mandalay Media Inc. (MNDL.OB) was trading in a bullish 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 : 4.17, 4.19, 4.21, 4.22, 4.22, 4.23, 4.24, 4.25, 4.26, 4.28, 4.31, 4.98, 5.05, 5.59.
Stock Support levels : 4.13, 4.10, 4.08, 3.87, 3.76,.