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 0.70 $ (2/10/2012) to 0.87 $ (2/15/2012) a 0.17 $ move 2- The current bearish trend started from 0.87 $ at 2/15/2012 and is currently trading at 0.75 $.
3- MNDL.OB current support level is at 0.70 which is the 100.00 % fibonacci retracement of the last 0.17 $ move.
4- MNDL.OB current resistance level is at 0.76 which is the 61.80 % fibonacci retracement of the last 0.17 $ move.
5- According to ADX Indicator, the trend is currently 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.
6- Bearish Divergance in MACD Indicator .
Mandalay Media Inc. (MNDL.OB) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.700 and 0.680 that was broken down at 0.750 transforming into a resistance line.
Mandalay Media Inc. (MNDL.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.700 and 0.680 that was broken down at 0.750 transforming into a resistance line.
Mandalay Media Inc. (MNDL.OB) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 0.680 and 0.640, and is currently supporting at 0.706.

Stock Trading Conclusion:
Mandalay Media Inc. (MNDL.OB) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.753, 0.765, 0.778, 0.785, 0.796, 0.805, 0.810, 0.824, 0.830, 0.870,.
Stock Support levels : 0.706, 0.700, 0.654,.