Stock Technical indicators to notice in HELLENIC SP.ADR (OTES.BE)
1- Last bearish trend was from 4.07 $ (3/30/2011) to 3.70 $ (4/6/2011) a 0.37 $ move 2- The current bullish trend started from 3.70 $ at 4/6/2011 and is currently trading at 3.83 $.
4- OTES.BE current resistance level is at 3.84 which is the 38.20 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HELLENIC SP.ADR (OTES.BE) Short term stock chart patterns for internet stock trading :
HELLENIC SP.ADR (OTES.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.700 and 3.480, and is currently supporting at 3.724.
HELLENIC SP.ADR (OTES.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.480 and 2.950 that was broken down at 3.830 transforming into a resistance line.
Stock Trading Conclusion:
HELLENIC SP.ADR (OTES.BE) was trading in a 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 : 3.84, 3.89, 3.89, 3.93, 4.07, 4.17, 4.30.
Stock Support levels : 3.80, 3.79, 3.78, 3.76, 3.75, 3.72, 3.70,.