Stock Technical indicators to notice in ORBITAL SCIENCES (ORS.BE)
1- Last bearish trend was from 13.14 $ (3/11/2011) to 11.97 $ (3/21/2011) a 1.17 $ move 2- The current bullish trend started from 11.97 $ at 3/21/2011 and is currently trading at 12.61 $.
4- ORS.BE current resistance level is at 12.69 which is the 61.80 % fibonacci retracement of the last 1.17 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
ORBITAL SCIENCES (ORS.BE) Short term stock chart patterns for internet stock trading :
ORBITAL SCIENCES (ORS.BE) Mid term stock chart patterns for internet stock trading :
ORBITAL SCIENCES (ORS.BE) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 4.230 $ height triangle which was broken down at 12.800, target of the pattern is 8.570.
Stock Trading Conclusion:
ORBITAL SCIENCES (ORS.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 12.69, 12.85, 13.14, 13.46, 13.86.
Stock Support levels : 12.56, 12.46, 12.42, 12.37, 12.29, 12.25, 12.21, 11.97,.