Stock Technical indicators to notice in ODYSSEY MARINE (OYM.BE)
1- Last bullish trend was from 1.88 $ (3/29/2011) to 2.24 $ (4/5/2011) a 0.36 $ move 2- The current bearish trend started from 2.24 $ at 4/5/2011 and is currently trading at 2.10 $.
4- OYM.BE current resistance level is at 2.10 which is the 38.20 % fibonacci retracement of the last 0.36 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ODYSSEY MARINE (OYM.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 1.880 and 1.600,resistance between 2.240 and 1.950 which was broken down at 2.100.
ODYSSEY MARINE (OYM.BE) Mid term stock chart patterns for internet stock trading :
ODYSSEY MARINE (OYM.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.560 and 2.610, and is currently resisting at 2.442.
Stock Trading Conclusion:
ODYSSEY MARINE (OYM.BE) was trading in a bullish wave, which is becoming weaker .
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 : 2.10, 2.13, 2.15, 2.16, 2.17, 2.19, 2.24, 2.44.
Stock Support levels : 2.06, 2.02, 1.88, 1.78,.