Stock Technical indicators to notice in OYO GEOSPACE (OYO.BE)
1- Last bullish trend was from 64.27 $ (3/17/2011) to 69.80 $ (3/31/2011) a 5.53 $ move 2- The current bearish trend started from 69.80 $ at 3/31/2011 and is currently trading at 65.42 $.
4- OYO.BE current resistance level is at 66.38 which is the 61.80 % fibonacci retracement of the last 5.53 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
OYO GEOSPACE (OYO.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 69.800 and 79.610, and is currently resisting at 67.257.
OYO GEOSPACE (OYO.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 16.120 $ height triangle.
OYO GEOSPACE (OYO.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 63.490 and 36.590 that was broken down at 72.000 transforming into a resistance line.
Stock Trading Conclusion:
OYO GEOSPACE (OYO.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 : 66.38, 66.45, 67.04, 67.09, 67.26, 67.61, 67.69, 68.13, 68.49, 69.80, 77.84.
Stock Support levels : 64.27, 62.77,.