Stock Technical indicators to notice in OVERSTOCK.COM (OVER.BE)
1- Last bullish trend was from 10.05 $ (3/18/2011) to 11.06 $ (3/31/2011) a 1.01 $ move 2- The current bearish trend started from 11.06 $ at 3/31/2011 and is currently trading at 10.27 $.
4- OVER.BE current resistance level is at 10.44 which is the 61.80 % fibonacci retracement of the last 1.01 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
6- Bullish Divergance in MACD Indicator .
OVERSTOCK.COM (OVER.BE) Short term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 10.050 and 10.600,resistance between 11.060 and 11.790, the stock channel is currently supported from below by 9.250 and resisted from above by 10.776.
OVERSTOCK.COM (OVER.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 10.050 .
9- The Stock formed a 1.770 $ height triangle.
OVERSTOCK.COM (OVER.BE) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 10.050 .
11- The Stock formed a 2.870 $ height triangle.
Stock Trading Conclusion:
OVERSTOCK.COM (OVER.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 : 10.44, 10.46, 10.56, 10.57, 10.67, 10.67, 10.76, 10.82, 11.06,.
Stock Support levels : 10.08, 10.05, 9.78,.