Stock Technical indicators to notice in LOCAL.COM (OTQ.BE)
1- Last bullish trend was from 2.47 $ (3/29/2011) to 3.00 $ (4/4/2011) a 0.53 $ move 2- The current bearish trend started from 3.00 $ at 4/4/2011 and is currently trading at 2.75 $.
4- OTQ.BE current resistance level is at 2.80 which is the 38.20 % fibonacci retracement of the last 0.53 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
6- Bullish Divergance in MACD Indicator .
LOCAL.COM (OTQ.BE) Short term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.470 and 2.380, and is currently supporting at 2.672.
LOCAL.COM (OTQ.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2.380 and 2.340, and is currently supporting at 2.484.
LOCAL.COM (OTQ.BE) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 3.100 and 3.130, and is currently resisting at 2.991.
Stock Trading Conclusion:
LOCAL.COM (OTQ.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 : 2.80, 2.81, 2.85, 2.87, 2.88, 2.90, 2.99, 3.00,.
Stock Support levels : 2.74, 2.67, 2.67, 2.48, 2.47, 2.33,.