Stock Technical indicators to notice in USU SOFTWARE (OSP2.BE)
1- Last bullish trend was from 4.82 $ (4/5/2011) to 5.03 $ (4/8/2011) a 0.21 $ move 2- The current bearish trend started from 5.03 $ at 4/8/2011 and is currently trading at 4.72 $.
4- OSP2.BE current resistance level is at 4.76 which is the 127.20 % fibonacci retracement of the last 0.21 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
USU SOFTWARE (OSP2.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 5.030 .
7- The Stock formed a 0.580 $ height triangle which was broken down at 4.720, target of the pattern is 4.140.
USU SOFTWARE (OSP2.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 4.450 and 3.940 that was broken down at 4.820 transforming into a resistance line.
USU SOFTWARE (OSP2.BE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
USU SOFTWARE (OSP2.BE) was trading in a strong bullish wave, which is becoming weaker .
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 : 4.76, 4.76, 4.79, 4.82, 4.84, 4.88, 4.90, 4.91, 4.93, 4.95, 4.98, 5.03, 5.03, 5.15.
Stock Support levels : 4.69,.