Stock Technical indicators to notice in SOLID STATE (OUY.BE)
1- Last bearish trend was from 1.01 $ (3/23/2011) to 0.95 $ (4/1/2011) a 0.06 $ move 2- The current bullish trend started from 0.95 $ at 4/1/2011 and is currently trading at 0.97 $.
4- OUY.BE current resistance level is at 0.97 which is the 38.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
SOLID STATE (OUY.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.010 and 1.040 that was broken up at 0.950 transforming into a supporting line.
SOLID STATE (OUY.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.510 $ height triangle.
SOLID STATE (OUY.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.880 and 0.590, and is currently supporting at 0.933.
Stock Trading Conclusion:
SOLID STATE (OUY.BE) was trading in a bullish wave, which is becoming weaker .
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 : 0.973, 0.980, 0.987, 1.010, 1.026, 1.047.
Stock Support levels : 0.965, 0.964, 0.962, 0.960, 0.958, 0.950, 0.933,.