Stock Technical indicators to notice in ORDINA (ORDI.AS)
1- Last bearish trend was from 0.92 $ (4/27/2012) to 0.89 $ (4/30/2012) a 0.03 $ move 2- The current bullish trend started from 0.89 $ at 4/30/2012 and is currently trading at 0.92 $.
4- ORDI.AS current resistance level is at 0.93 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ORDINA (ORDI.AS) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.200 $ height triangle which was broken up at 0.900 in higher than usual volume, target of the pattern is 1.100.
ORDINA (ORDI.AS) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.070 and 0.960 that was broken down at 1.100 transforming into a resistance line.
ORDINA (ORDI.AS) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
ORDINA (ORDI.AS) was trading in a strong 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 : 0.928, 0.939, 1.100, 1.204.
Stock Support levels : 0.913, 0.909, 0.905, 0.901, 0.897, 0.890,.
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