Stock Technical indicators to notice in ONLINE RESOURCES (ORZ.BE)
1- Last bearish trend was from 2.84 $ (3/18/2011) to 2.56 $ (3/29/2011) a 0.28 $ move 2- The current bullish trend started from 2.56 $ at 3/29/2011 and is currently trading at 2.73 $.
4- ORZ.BE current resistance level is at 2.73 which is the 61.80 % fibonacci retracement of the last 0.28 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ONLINE RESOURCES (ORZ.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.840 and 4.740 that was broken up at 2.740 transforming into a supporting line.
ONLINE RESOURCES (ORZ.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.840 and 5.160 that was broken up at 2.710 transforming into a supporting line.
ONLINE RESOURCES (ORZ.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 3.360 and 3.230 that was broken down at 3.200 transforming into a resistance line.
Stock Trading Conclusion:
ONLINE RESOURCES (ORZ.BE) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 2.73, 2.84, 2.92, 3.01, 3.58.
Stock Support levels : 2.70, 2.69, 2.67, 2.67, 2.64, 2.63, 2.62, 2.56, 1.29,.