Stock Technical indicators to notice in OUTDOOR CHAN HLDG (OUZ.BE)
1- Last bullish trend was from 5.01 $ (3/25/2011) to 5.20 $ (4/5/2011) a 0.19 $ move 2- The current bearish trend started from 5.20 $ at 4/5/2011 and is currently trading at 4.85 $.
OUTDOOR CHAN HLDG (OUZ.BE) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 5.200 .
5- The Stock formed a 0.390 $ height triangle which was broken down at 5.190, target of the pattern is 4.800.
OUTDOOR CHAN HLDG (OUZ.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 5.200 and 6.140, and is currently resisting at 5.096.
OUTDOOR CHAN HLDG (OUZ.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 5.500 and 3.650 that was broken down at 5.940 transforming into a resistance line.
Stock Trading Conclusion:
OUTDOOR CHAN HLDG (OUZ.BE) was trading in a bearish wave, which is becoming stronger .
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 : 4.93, 4.98, 5.03, 5.07, 5.10, 5.20, 5.38, 7.29.
Stock Support levels : 4.80.