Stock Technical indicators to notice in OUTOKUMPU (OUTA.BE)
1- Last bullish trend was from 11.91 $ (3/25/2011) to 12.46 $ (3/31/2011) a 0.55 $ move 2- The current bearish trend started from 12.46 $ at 3/31/2011 and is currently trading at 12.06 $.
4- OUTA.BE current resistance level is at 12.12 which is the 61.80 % fibonacci retracement of the last 0.55 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
OUTOKUMPU (OUTA.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 11.910 and 12.790,resistance between 12.460 and 13.260, the stock channel is currently supported from below by 11.426 and resisted from above by 12.165.
OUTOKUMPU (OUTA.BE) Mid term stock chart patterns for internet stock trading :
OUTOKUMPU (OUTA.BE) Long term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 12.600 that failed and formed a resistance.
8- The Stock was resisted by a resistance line, identified by two points: 14.410 and 14.860, and is currently resisting at 13.981.
Stock Trading Conclusion:
OUTOKUMPU (OUTA.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 12.12, 12.15, 12.18, 12.21, 12.25, 12.26, 12.31, 12.33, 12.46, 12.52, 13.98.
Stock Support levels : 11.91, 11.76,.