Stock Technical indicators to notice in OTTER TAIL (OT4.BE)
1- Last bullish trend was from 14.96 $ (3/18/2011) to 16.02 $ (4/5/2011) a 1.06 $ move 2- The current bearish trend started from 16.02 $ at 4/5/2011 and is currently trading at 15.53 $.
4- OT4.BE current resistance level is at 15.62 which is the 38.20 % fibonacci retracement of the last 1.06 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
OTTER TAIL (OT4.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 16.020 and 16.180, and is currently resisting at 15.984.
OTTER TAIL (OT4.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 14.960 and 14.360, and is currently supporting at 15.062.
OTTER TAIL (OT4.BE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
OTTER TAIL (OT4.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 15.62, 15.65, 15.72, 15.77, 15.77, 15.83, 15.98, 16.02,.
Stock Support levels : 15.49, 15.36, 15.06, 14.96, 14.67,.