Stock Technical indicators to notice in OBERTHUR TECHNOL (OCY.BE)
1- Last bearish trend was from 1.32 $ (3/31/2011) to 1.26 $ (4/1/2011) a 0.06 $ move 2- The current bullish trend started from 1.26 $ at 4/1/2011 and is currently trading at 1.32 $.
4- OCY.BE current resistance level is at 1.34 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
OBERTHUR TECHNOL (OCY.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 1.260 .
7- The Stock formed a 0.150 $ height triangle which was broken up at 1.320, target of the pattern is 1.470.
OBERTHUR TECHNOL (OCY.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 0.350 $ height triangle which was broken down at 1.400, target of the pattern is 1.050.
OBERTHUR TECHNOL (OCY.BE) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 1.120 and 0.870 that was broken down at 1.180 transforming into a resistance line.
Stock Trading Conclusion:
OBERTHUR TECHNOL (OCY.BE) was trading in a 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 : 1.34, 1.36, 1.47, 1.58, 3.22.
Stock Support levels : 1.31, 1.30, 1.29, 1.28, 1.28, 1.27, 1.26,.
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