Today we will analyze the stock Magnegas Corporation (MNGA.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Magnegas Corporation (MNGA.OB)
1- Last bullish trend was from 0.72 $ (3/3/2014) to 0.79 $ (3/5/2014) a 0.07 $ move 2- The current bearish trend started from 0.79 $ at 3/5/2014 and is currently trading at 0.78 $.
3- MNGA.OB current support level is at 0.77 which is the 23.60 % fibonacci retracement of the last 0.07 $ move.
4- MNGA.OB current resistance level is at 0.79 which is the 0.00 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Magnegas Corporation (MNGA.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 0.720 and 0.680, and is currently supporting at 0.770.
Magnegas Corporation (MNGA.OB) Mid term stock chart patterns for internet stock trading :

None.
Magnegas Corporation (MNGA.OB) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.950 and 1.510 that was broken up at 0.770 transforming into a supporting line.

Stock Trading Conclusion:
Magnegas Corporation (MNGA.OB) was trading in a strong bullish wave, which is becoming weaker .
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 : 0.782, 0.784, 0.785, 0.786, 0.790,.
Stock Support levels : 0.773, 0.770, 0.763, 0.755, 0.747, 0.720, 0.701, 0.677,.