Stock Technical indicators to notice in CONTANGO CAP (OTJ.BE)
1- Last bearish trend was from 0.48 $ (3/29/2011) to 0.46 $ (4/1/2011) a 0.02 $ move 2- The current bullish trend started from 0.46 $ at 4/1/2011 and is currently trading at 0.49 $.
4- OTJ.BE current resistance level is at 0.49 which is the 161.80 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CONTANGO CAP (OTJ.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.050 $ height triangle which was broken up at 0.480, target of the pattern is 0.530.
CONTANGO CAP (OTJ.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.560 that was broken up at 0.450 transforming into a supporting line.
CONTANGO CAP (OTJ.BE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
CONTANGO CAP (OTJ.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.492, 0.530.
Stock Support levels : 0.485, 0.483, 0.480, 0.479, 0.477, 0.475, 0.472, 0.471, 0.470, 0.468, 0.465, 0.460,.