Today we will analyze the stock Morgan's Foods Inc. (MRFD.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Morgan's Foods Inc. (MRFD.OB)
1- Last bearish trend was from 3.48 $ (1/23/2014) to 2.80 $ (2/28/2014) a 0.68 $ move 2- The current bullish trend started from 2.80 $ at 2/28/2014 and is currently trading at 3.10 $.
3- MRFD.OB current support level is at 3.06 which is the 38.20 % fibonacci retracement of the last 0.68 $ move.
4- MRFD.OB current resistance level is at 3.14 which is the 50.00 % fibonacci retracement of the last 0.68 $ 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.
6- Bullish Divergance in MACD Indicator .
Morgan's Foods Inc. (MRFD.OB) Short term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 3.480 .
Morgan's Foods Inc. (MRFD.OB) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 3.480 .
Morgan's Foods Inc. (MRFD.OB) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Top Pattern at 3.480 .

Stock Trading Conclusion:
Morgan's Foods Inc. (MRFD.OB) was trading in a strong bearish wave, which is becoming stronger .
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 : 3.14, 3.15, 3.22, 3.32, 3.37, 3.42, 3.48, 3.66, 3.90.
Stock Support levels : 3.06, 3.03, 2.99, 2.96, 2.95, 2.91, 2.80,.