Stock Technical indicators to notice in ORIENTAL WATCH (OWT.BE)
1- Last bearish trend was from 0.33 $ (4/4/2011) to 0.31 $ (4/6/2011) a 0.02 $ move 2- The current bullish trend started from 0.31 $ at 4/6/2011 and is currently trading at 0.37 $.
ORIENTAL WATCH (OWT.BE) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 0.310 and 0.300, and is currently supporting at 0.317.
ORIENTAL WATCH (OWT.BE) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 0.050 $ height triangle which was broken up at 0.350, target of the pattern is 0.400.
ORIENTAL WATCH (OWT.BE) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.350 and 0.420 that was broken up at 0.350 transforming into a supporting line.
Stock Trading Conclusion:
ORIENTAL WATCH (OWT.BE) was trading in a bullish wave, which is becoming stronger .
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 : 0.400.
Stock Support levels : 0.356, 0.347, 0.340, 0.333, 0.324, 0.317, 0.317,.