Stock Technical indicators to notice in OFFICE2OFFICE (OTO.BE)
1- Last bearish trend was from 1.30 $ (3/15/2011) to 1.26 $ (3/17/2011) a 0.04 $ move 2- The current bullish trend started from 1.26 $ at 3/17/2011 and is currently trading at 1.49 $.
OFFICE2OFFICE (OTO.BE) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 1.260 .
5- The Stock formed a 0.090 $ height triangle which was broken up at 1.290, target of the pattern is 1.380.
OFFICE2OFFICE (OTO.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.350 and 1.530 that was broken up at 1.290 transforming into a supporting line.
OFFICE2OFFICE (OTO.BE) Long term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 1.260 .
Stock Trading Conclusion:
OFFICE2OFFICE (OTO.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : .
Stock Support levels : 1.44, 1.40, 1.38, 1.35, 1.26, 1.25,.