Stock Technical indicators to notice in BEAR CREEK MINING (OU6.BE)
1- Last bearish trend was from 8.00 $ (3/28/2011) to 7.25 $ (3/31/2011) a 0.75 $ move 2- The current bullish trend started from 7.25 $ at 3/31/2011 and is currently trading at 7.61 $.
4- OU6.BE current resistance level is at 7.63 which is the 50.00 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
6- Bearish Divergance in MACD Indicator .
BEAR CREEK MINING (OU6.BE) Short term stock chart patterns for internet stock trading :
7- The Stock formed a 2.010 $ height triangle which was broken down at 7.550, target of the pattern is 5.540.
BEAR CREEK MINING (OU6.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 3.180 $ height triangle.
BEAR CREEK MINING (OU6.BE) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 3.180 $ height triangle.
Stock Trading Conclusion:
BEAR CREEK MINING (OU6.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 : 7.63, 7.71, 7.82, 8.00, 8.20, 8.46.
Stock Support levels : 7.54, 7.53, 7.47, 7.43, 7.43, 7.39, 7.25,.
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