Stock Technical indicators to notice in PACIFIC BASIN SHIP (OYD.BE)
1- Last bullish trend was from 0.41 $ (4/5/2011) to 0.43 $ (4/7/2011) a 0.02 $ move 2- The current bearish trend started from 0.43 $ at 4/7/2011 and is currently trading at 0.42 $.
4- OYD.BE current resistance level is at 0.42 which is the 50.00 % fibonacci retracement of the last 0.02 $ 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.
PACIFIC BASIN SHIP (OYD.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.430 .
7- The Stock formed a 0.050 $ height triangle.
PACIFIC BASIN SHIP (OYD.BE) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.380 .
9- The Stock formed a 0.080 $ height triangle which was broken up at 0.400, target of the pattern is 0.480.
PACIFIC BASIN SHIP (OYD.BE) Long term stock chart patterns for internet stock trading :
10- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.520, and is currently resisting at 0.454.
Stock Trading Conclusion:
PACIFIC BASIN SHIP (OYD.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 0.420, 0.422, 0.424, 0.425, 0.425, 0.426, 0.430, 0.454, 0.480.
Stock Support levels : 0.418, 0.410, 0.405, 0.398, 0.380,.