Today we will analyze the stock MPM Technologies Inc. (MPML.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in MPM Technologies Inc. (MPML.OB)
1- Last bullish trend was from 0.14 $ (10/2/2013) to 0.20 $ (12/6/2013) a 0.06 $ move 2- The current bearish trend started from 0.20 $ at 12/6/2013 and is currently trading at 0.15 $.
3- MPML.OB current support level is at 0.14 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
4- MPML.OB current resistance level is at 0.16 which is the 61.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
MPM Technologies Inc. (MPML.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 0.200 and 0.400 that was broken up at 0.150 transforming into a supporting line.
MPM Technologies Inc. (MPML.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.200 and 0.400 that was broken up at 0.150 transforming into a supporting line.
MPM Technologies Inc. (MPML.OB) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.200 and 0.400 that was broken up at 0.150 transforming into a supporting line.

Stock Trading Conclusion:
MPM Technologies Inc. (MPML.OB) was trading in a strong 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 : 0.162, 0.163, 0.169, 0.170, 0.175, 0.177, 0.181, 0.186, 0.200,.
Stock Support levels : 0.140, 0.124, 0.103, -0.047,.