Today we will analyze the stock Omagine (OMAG.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Omagine (OMAG.OB)
1- Last bearish trend was from 2.20 $ (2/28/2014) to 2.00 $ (3/4/2014) a 0.20 $ move 2- The current bullish trend started from 2.00 $ at 3/4/2014 and is currently trading at 2.18 $.
3- OMAG.OB current support level is at 2.12 which is the 61.80 % fibonacci retracement of the last 0.20 $ move.
4- OMAG.OB current resistance level is at 2.20 which is the 100.00 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Omagine (OMAG.OB) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.430 $ height triangle which was broken up at 2.200 in higher than usual volume, target of the pattern is 2.630.
Omagine (OMAG.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.430 $ height triangle which was broken up at 2.200 in higher than usual volume, target of the pattern is 2.630.
Omagine (OMAG.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 0.730 $ height triangle which was broken up at 2.200 in higher than usual volume, target of the pattern is 2.930.

Stock Trading Conclusion:
Omagine (OMAG.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 : 2.20, 2.25, 2.32, 2.63, 2.93.
Stock Support levels : 2.14, 2.12, 2.11, 2.10, 2.09, 2.08, 2.07, 2.05, 2.00, 1.96,.