Stock Technical indicators to notice in YPSOMED HLDG N (OWX.BE)
1- Last bullish trend was from 42.92 $ (3/25/2011) to 44.24 $ (3/29/2011) a 1.32 $ move 2- The current bearish trend started from 44.24 $ at 3/29/2011 and is currently trading at 42.72 $.
4- OWX.BE current resistance level is at 42.92 which is the 100.00 % fibonacci retracement of the last 1.32 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
YPSOMED HLDG N (OWX.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 42.920 and 44.870,resistance between 44.240 and 46.380 which was broken up at 42.690.
YPSOMED HLDG N (OWX.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 8.970 $ height triangle which was broken down at 43.960, target of the pattern is 34.990.
YPSOMED HLDG N (OWX.BE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
YPSOMED HLDG N (OWX.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 : 42.92, 43.08, 43.30, 43.42, 43.48, 43.58, 43.66, 43.74, 43.93, 44.24, 44.53, 46.32, 46.52.
Stock Support levels : 42.56, 42.10, 41.83,.