Stock Technical indicators to notice in NETWORKERS INTL (OXHA.BE)
1- Last bearish trend was from 0.42 $ (2/17/2011) to 0.36 $ (4/8/2011) a 0.06 $ move 2- The current bullish trend started from 0.36 $ at 4/8/2011 and is currently trading at 0.38 $.
4- OXHA.BE current resistance level is at 0.38 which is the 38.20 % fibonacci retracement of the last 0.06 $ 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.
NETWORKERS INTL (OXHA.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.360 and 0.330, and is currently supporting at 0.360.
NETWORKERS INTL (OXHA.BE) Mid term stock chart patterns for internet stock trading :
NETWORKERS INTL (OXHA.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.280 and 0.240, and is currently supporting at 0.315.
Stock Trading Conclusion:
NETWORKERS INTL (OXHA.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 : 0.383, 0.390, 0.397, 0.420, 0.436, 0.457.
Stock Support levels : 0.375, 0.374, 0.372, 0.370, 0.368, 0.360, 0.360,.
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