Stock Technical indicators to notice in OTP BANK (OTP.BE)
1- Last bearish trend was from 21.22 $ (3/28/2011) to 20.53 $ (3/30/2011) a 0.69 $ move 2- The current bullish trend started from 20.53 $ at 3/30/2011 and is currently trading at 23.70 $.
OTP BANK (OTP.BE) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 2.450 $ height triangle which was broken up at 21.300, target of the pattern is 23.750.
OTP BANK (OTP.BE) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 19.140 and 20.100,resistance between 21.590 and 22.440 which was broken up at 20.690.
OTP BANK (OTP.BE) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 19.140 and 17.560, and is currently supporting at 19.493.
Stock Trading Conclusion:
OTP BANK (OTP.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 : 23.75.
Stock Support levels : 22.95, 22.49, 22.12, 21.74, 21.03, 20.53, 20.05,.