Stock Technical indicators to notice in ORTHOLOGIC (OR5.BE)
1- Last bullish trend was from 0.31 $ (3/11/2011) to 0.32 $ (3/14/2011) a 0.01 $ move 2- The current bearish trend started from 0.32 $ at 3/14/2011 and is currently trading at 0.31 $.
4- OR5.BE current resistance level is at 0.31 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.
ORTHOLOGIC (OR5.BE) Short term stock chart patterns for internet stock trading :
6- The Stock is trading in a stock channel between 0.310 $ and 0.320 $.
ORTHOLOGIC (OR5.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.380 and 0.480 that was broken up at 0.310 transforming into a supporting line.
ORTHOLOGIC (OR5.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.160 $ height triangle which was broken up at 0.310, target of the pattern is 0.470 which was broken down at 0.340, target of the pattern is 0.180.
Stock Trading Conclusion:
ORTHOLOGIC (OR5.BE) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.312, 0.314, 0.315, 0.316, 0.318, 0.320, 0.367, 0.470.
Stock Support levels : 0.307, 0.304, 0.212,.