Stock Technical indicators to notice in OLD REPUB.INTL CORP (ORJ.BE)
1- Last bullish trend was from 8.34 $ (3/3/2011) to 9.13 $ (4/7/2011) a 0.79 $ move 2- The current bearish trend started from 9.13 $ at 4/7/2011 and is currently trading at 8.80 $.
4- ORJ.BE current resistance level is at 8.83 which is the 38.20 % fibonacci retracement of the last 0.79 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
OLD REPUB.INTL CORP (ORJ.BE) Short term stock chart patterns for internet stock trading :
OLD REPUB.INTL CORP (ORJ.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 9.320 and 10.440 that was broken up at 8.560 transforming into a supporting line.
OLD REPUB.INTL CORP (ORJ.BE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
OLD REPUB.INTL CORP (ORJ.BE) was trading in a 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 : 8.83, 8.88, 8.93, 8.94, 8.97, 9.00, 9.13,.
Stock Support levels : 8.74, 8.64, 8.34, 8.13, 7.98,.
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