Today we will analyze the stock OVOCA GOLD (OVX.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in OVOCA GOLD (OVX.BE)
1- Last bullish trend was from 0.04 $ (1/7/2010) to 0.05 $ (1/8/2010) a 0.01 $ move 2- The current bearish trend started from 0.05 $ at 1/8/2010 and is currently trading at 0.04 $.
3- OVX.BE current support level is at 0.04 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- OVX.BE current resistance level is at 0.04 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
OVOCA GOLD (OVX.BE) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 0.040 $ and 0.050 $.

OVOCA GOLD (OVX.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock is trading in a stock channel between 0.040 $ and 0.050 $.

OVOCA GOLD (OVX.BE) Long term stock chart patterns for internet stock trading :

8- The Stock is trading in a stock channel between 0.040 $ and 0.050 $.


Stock Trading Conclusion:
OVOCA GOLD (OVX.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.042, 0.044, 0.045, 0.046, 0.048, 0.050,.
Stock Support levels : 0.037,.