Stock Technical indicators to notice in OSTEOTECH (OTS.BE)
1- Last bearish trend was from 4.98 $ (8/25/2010) to 4.46 $ (11/5/2010) a 0.52 $ move 2- The current bullish trend started from 4.46 $ at 11/5/2010 and is currently trading at 4.65 $.
4- OTS.BE current resistance level is at 4.66 which is the 38.20 % fibonacci retracement of the last 0.52 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
OSTEOTECH (OTS.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 4.460 and 2.640 that was broken down at 4.620 transforming into a resistance line.
OSTEOTECH (OTS.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.640 and 2.240, and is currently supporting at 4.533.
OSTEOTECH (OTS.BE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
OSTEOTECH (OTS.BE) was trading in a bullish 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 : 4.66, 4.66, 4.72, 4.78, 4.98, 5.12, 5.30.
Stock Support levels : 4.61, 4.58, 4.58, 4.56, 4.53, 4.53, 4.46,.