Stock Technical indicators to notice in SUMUS (OSC.BE)
1- Last bearish trend was from 0.53 $ (3/14/2008) to 0.46 $ (4/24/2008) a 0.07 $ move 2- The current bullish trend started from 0.46 $ at 4/24/2008 and is currently trading at 0.49 $.
4- OSC.BE current resistance level is at 0.50 which is the 50.00 % fibonacci retracement of the last 0.07 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
SUMUS (OSC.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 0.460 and 0.510,resistance between 0.530 and 0.620 which was broken up at 0.490.
SUMUS (OSC.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 0.460 and 0.580,resistance between 0.630 and 0.690 which was broken up at 0.490.
SUMUS (OSC.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.600 and 0.530 that was broken down at 0.640 transforming into a resistance line.
Stock Trading Conclusion:
SUMUS (OSC.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 : 0.495, 0.503, 0.530, 0.549, 0.573, 1.425.
Stock Support levels : 0.487, 0.483, 0.479, 0.477, 0.475, 0.471, 0.460, 0.193,.