Today we will analyze the stock Water Chef Inc. (WTER.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in Water Chef Inc. (WTER.OB)
1- Last bullish trend was from 0.16 $ (3/6/2014) to 0.17 $ (3/7/2014) a 0.01 $ move 2- The current bearish trend started from 0.17 $ at 3/7/2014 and is currently trading at 0.16 $.
3- WTER.OB current support level is at 0.16 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- WTER.OB current resistance level is at 0.16 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Water Chef Inc. (WTER.OB) Short term stock chart patterns for internet stock trading :

6- The Stock traded in a bearish stock channel identifed by support at 0.160 and 0.190,resistance between 0.170 and 0.200, the stock channel is currently supported from below by 0.155 and resisted from above by 0.167.
Water Chef Inc. (WTER.OB) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 0.210 and 0.240, and is currently resisting at 0.160.
Water Chef Inc. (WTER.OB) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.190 that failed and formed a resistance.
9- The Stock was resisted by a resistance line, identified by two points: 0.210 and 0.240, and is currently resisting at 0.160.

Stock Trading Conclusion:
Water Chef Inc. (WTER.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 0.162, 0.164, 0.165, 0.166, 0.168, 0.170, 0.190.
Stock Support levels : 0.157,.