Stock Technical indicators to notice in SORIANA-B (OSOB.BE)
1- Last bullish trend was from 2.25 $ (3/22/2011) to 2.43 $ (4/4/2011) a 0.18 $ move 2- The current bearish trend started from 2.43 $ at 4/4/2011 and is currently trading at 2.35 $.
4- OSOB.BE current resistance level is at 2.36 which is the 38.20 % fibonacci retracement of the last 0.18 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
SORIANA-B (OSOB.BE) Short term stock chart patterns for internet stock trading :
SORIANA-B (OSOB.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 2.250 .
SORIANA-B (OSOB.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.120 and 2.310 that was broken up at 2.030 transforming into a supporting line.
Stock Trading Conclusion:
SORIANA-B (OSOB.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 : 2.36, 2.37, 2.38, 2.39, 2.39, 2.40, 2.43,.
Stock Support levels : 2.34, 2.32, 2.25, 2.20, 2.14,.