Stock Technical indicators to notice in ACOTEL GROUP (OT3.BE)
1- Last bearish trend was from 42.87 $ (1/31/2011) to 37.49 $ (3/17/2011) a 5.38 $ move 2- The current bullish trend started from 37.49 $ at 3/17/2011 and is currently trading at 38.18 $.
4- OT3.BE current resistance level is at 38.76 which is the 23.60 % fibonacci retracement of the last 5.38 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ACOTEL GROUP (OT3.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 42.870 .
ACOTEL GROUP (OT3.BE) Mid term stock chart patterns for internet stock trading :
ACOTEL GROUP (OT3.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 46.490 and 58.550, and is currently resisting at 39.656.
Stock Trading Conclusion:
ACOTEL GROUP (OT3.BE) was trading in a bearish 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 : 38.76, 39.55, 39.66, 40.18, 40.81, 42.06, 42.22, 42.39, 42.87, 44.33, 46.19.
Stock Support levels : 38.02, 37.92, 37.83, 37.75, 37.49,.