Stock Technical indicators to notice in STAGE THEATRE ARTS (OV5.BE)
1- Last bearish trend was from 0.46 $ (1/4/2011) to 0.44 $ (1/6/2011) a 0.02 $ move 2- The current bullish trend started from 0.44 $ at 1/6/2011 and is currently trading at 0.46 $.
4- OV5.BE current resistance level is at 0.47 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
STAGE THEATRE ARTS (OV5.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.440 .
7- The Stock formed a 0.070 $ height triangle which was broken up at 0.450, target of the pattern is 0.520.
STAGE THEATRE ARTS (OV5.BE) Mid term stock chart patterns for internet stock trading :
STAGE THEATRE ARTS (OV5.BE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 0.420 and 0.510,resistance between 0.510 and 0.610 which was broken up at 0.460.
Stock Trading Conclusion:
STAGE THEATRE ARTS (OV5.BE) was trading in a bearish 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 : 0.465, 0.472, 0.520.
Stock Support levels : 0.455, 0.454, 0.452, 0.450, 0.450, 0.448, 0.445, 0.440,.