Stock Technical indicators to notice in ORIENTAL MINERALS (OZ4.BE)
1- Last bullish trend was from 0.15 $ (3/31/2011) to 0.18 $ (4/4/2011) a 0.03 $ move 2- The current bearish trend started from 0.18 $ at 4/4/2011 and is currently trading at 0.17 $.
4- OZ4.BE current resistance level is at 0.17 which is the 23.60 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
ORIENTAL MINERALS (OZ4.BE) Short term stock chart patterns for internet stock trading :
ORIENTAL MINERALS (OZ4.BE) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 0.150 and 0.160,resistance between 0.170 and 0.180 which was broken up at 0.180.
ORIENTAL MINERALS (OZ4.BE) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 0.060 $ height triangle.
Stock Trading Conclusion:
ORIENTAL MINERALS (OZ4.BE) was trading in a bullish wave, which is becoming weaker .
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 : 0.172, 0.173, 0.174, 0.175, 0.176, 0.180, 0.190.
Stock Support levels : 0.169, 0.165, 0.161, 0.155, 0.150, 0.142,.