Stock Technical indicators to notice in OLYMPIC STEEL (OYS.BE)
1- Last bullish trend was from 20.27 $ (3/17/2011) to 24.15 $ (4/7/2011) a 3.88 $ move 2- The current bearish trend started from 24.15 $ at 4/7/2011 and is currently trading at 22.78 $.
4- OYS.BE current resistance level is at 23.23 which is the 23.60 % fibonacci retracement of the last 3.88 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
OLYMPIC STEEL (OYS.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 20.270 and 19.270, and is currently supporting at 21.687.
OLYMPIC STEEL (OYS.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 4.450 $ height triangle which was broken up at 21.050, target of the pattern is 25.500.
OLYMPIC STEEL (OYS.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 4.450 $ height triangle which was broken up at 21.050, target of the pattern is 25.500.
Stock Trading Conclusion:
OLYMPIC STEEL (OYS.BE) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 23.10, 23.23, 23.30, 23.47, 23.63, 24.15, 25.50,.
Stock Support levels : 22.67, 22.21, 21.75, 21.69, 20.32, 20.27, 19.21,.