Today we will analyze the stock Montavo (MTVO.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Montavo (MTVO.OB)
1- Last bearish trend was from 1.10 $ (1/17/2013) to 1.05 $ (2/15/2013) a 0.05 $ move 2- The current bullish trend started from 1.05 $ at 2/15/2013 and is currently trading at 1.10 $.
3- MTVO.OB current support level is at 1.10 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
4- MTVO.OB current resistance level is at 1.11 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Montavo (MTVO.OB) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 1.050 and 0.010 that was broken down at 1.100 transforming into a resistance line.
Montavo (MTVO.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 0.010 .
8- The Stock formed Double Top Pattern at 0.020 that failed, and formed a support .
Montavo (MTVO.OB) Long term stock chart patterns for internet stock trading :

9- The Stock formed Double Bottom Pattern at 0.010 .
10- The Stock formed Double Top Pattern at 0.020 that failed, and formed a support .

Stock Trading Conclusion:
Montavo (MTVO.OB) was trading in a bearish 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 : 1.11, 1.13, 2.09.
Stock Support levels : 1.09, 1.08, 1.08, 1.07, 1.06, 1.05, 0.02, 0.01,.