Stock Technical indicators to notice in ORTHOVITA (OTH.BE)
1- Last bullish trend was from 1.44 $ (3/23/2011) to 1.50 $ (4/5/2011) a 0.06 $ move 2- The current bearish trend started from 1.50 $ at 4/5/2011 and is currently trading at 1.42 $.
4- OTH.BE current resistance level is at 1.42 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ORTHOVITA (OTH.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.500 and 1.700, and is currently resisting at 1.458.
ORTHOVITA (OTH.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.540 and 1.500 that was broken down at 1.610 transforming into a resistance line.
ORTHOVITA (OTH.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.500 and 1.390 that was broken down at 1.550 transforming into a resistance line.
Stock Trading Conclusion:
ORTHOVITA (OTH.BE) was trading in a bearish wave, which is becoming stronger .
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 : 1.42, 1.44, 1.44, 1.45, 1.46, 1.46, 1.46, 1.47, 1.47, 1.48, 1.49, 1.50, 1.63, 1.78.
Stock Support levels : 1.40.