Stock Technical indicators to notice in SANDERSON HOLDINGS (OSS.BE)
1- Last bullish trend was from 0.29 $ (3/10/2011) to 0.30 $ (3/24/2011) a 0.01 $ move 2- The current bearish trend started from 0.30 $ at 3/24/2011 and is currently trading at 0.29 $.
4- OSS.BE current resistance level is at 0.29 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SANDERSON HOLDINGS (OSS.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 0.290 and 0.310,resistance between 0.300 and 0.320 which was broken up at 0.290.
SANDERSON HOLDINGS (OSS.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.330 .
8- The Stock formed a 0.050 $ height triangle which was broken down at 0.310, target of the pattern is 0.260.
SANDERSON HOLDINGS (OSS.BE) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Top Pattern at 0.330 .
10- The Stock formed a 0.050 $ height triangle which was broken down at 0.310, target of the pattern is 0.260.
Stock Trading Conclusion:
SANDERSON HOLDINGS (OSS.BE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.292, 0.294, 0.295, 0.296, 0.298, 0.300, 0.320, 0.326, 0.330,.
Stock Support levels : 0.288, 0.287, 0.284, 0.260,.