Stock Technical indicators to notice in ORIGIN ENERGY (ORL.BE)
1- Last bearish trend was from 12.18 $ (2/25/2011) to 10.50 $ (3/18/2011) a 1.68 $ move 2- The current bullish trend started from 10.50 $ at 3/18/2011 and is currently trading at 12.30 $.
4- ORL.BE current resistance level is at 12.64 which is the 127.20 % fibonacci retracement of the last 1.68 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
ORIGIN ENERGY (ORL.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 12.180 and 12.390 that was broken up at 11.610 transforming into a supporting line.
ORIGIN ENERGY (ORL.BE) Mid term stock chart patterns for internet stock trading :
ORIGIN ENERGY (ORL.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 10.500 and 9.600, and is currently supporting at 10.586.
Stock Trading Conclusion:
ORIGIN ENERGY (ORL.BE) was trading in a bullish 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 : 12.64, 13.22.
Stock Support levels : 12.18, 11.88, 11.61, 11.54, 11.40, 11.34, 11.19, 11.14, 11.00, 10.90, 10.59, 10.50,.
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