Stock Technical indicators to notice in ORIENTE EXP -A (OX4A.BE)
1- Last bullish trend was from 8.28 $ (3/18/2011) to 8.84 $ (3/31/2011) a 0.56 $ move 2- The current bearish trend started from 8.84 $ at 3/31/2011 and is currently trading at 8.10 $.
4- OX4A.BE current resistance level is at 8.13 which is the 127.20 % fibonacci retracement of the last 0.56 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ORIENTE EXP -A (OX4A.BE) Short term stock chart patterns for internet stock trading :
ORIENTE EXP -A (OX4A.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 8.840 and 10.240, and is currently resisting at 8.513.
ORIENTE EXP -A (OX4A.BE) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 2.540 $ height triangle which was broken down at 8.570, target of the pattern is 6.030.
Stock Trading Conclusion:
ORIENTE EXP -A (OX4A.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 : 8.13, 8.27, 8.28, 8.38, 8.47, 8.49, 8.51, 8.56, 8.56, 8.63, 8.66, 8.71, 8.76, 8.84, 9.52.
Stock Support levels : 7.93,.