Stock Technical indicators to notice in CAPSTONE MINING (OUW.BE)
1- Last bearish trend was from 3.30 $ (3/25/2011) to 3.10 $ (4/4/2011) a 0.20 $ move 2- The current bullish trend started from 3.10 $ at 4/4/2011 and is currently trading at 3.40 $.
4- OUW.BE current resistance level is at 3.42 which is the 161.80 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CAPSTONE MINING (OUW.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.350 $ height triangle which was broken up at 3.420, target of the pattern is 3.770.
CAPSTONE MINING (OUW.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.420 $ height triangle which was broken up at 3.240, target of the pattern is 3.660.
CAPSTONE MINING (OUW.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 3.440 and 3.580 that was broken up at 3.420 transforming into a supporting line.
Stock Trading Conclusion:
CAPSTONE MINING (OUW.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 : 3.42, 3.66, 3.77.
Stock Support levels : 3.35, 3.33, 3.30, 3.29, 3.27, 3.25, 3.24, 3.22, 3.21, 3.20, 3.19, 3.18, 3.15, 3.10,.