Today we will analyze the stock OPEN TEXT (OTX.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in OPEN TEXT (OTX.BE)
1- Last bullish trend was from 39.35 $ (3/21/2011) to 44.83 $ (4/5/2011) a 5.48 $ move 2- The current bearish trend started from 44.83 $ at 4/5/2011 and is currently trading at 42.12 $.
3- OTX.BE current support level is at 42.09 which is the 50.00 % fibonacci retracement of the last 5.48 $ move.
4- OTX.BE current resistance level is at 42.74 which is the 38.20 % fibonacci retracement of the last 5.48 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
OPEN TEXT (OTX.BE) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 39.350 and 33.710, and is currently supporting at 41.576.
OPEN TEXT (OTX.BE) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 39.350 and 33.710, and is currently supporting at 41.576.
OPEN TEXT (OTX.BE) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 39.350 and 30.580, and is currently supporting at 40.898.

Stock Trading Conclusion:
OPEN TEXT (OTX.BE) was trading in a bullish wave, which is becoming weaker .
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 : 42.74, 42.76, 43.16, 43.48, 43.54, 43.79, 44.83,.
Stock Support levels : 42.09, 41.58, 41.44, 40.90, 39.35, 37.86,.