Stock Technical indicators to notice in ODFJELL INVEST (OZU.BE)
1- Last bullish trend was from 2.30 $ (12/9/2008) to 3.25 $ (12/15/2008) a 0.95 $ move 2- The current bearish trend started from 3.25 $ at 12/15/2008 and is currently trading at 2.82 $.
4- OZU.BE current resistance level is at 2.89 which is the 38.20 % fibonacci retracement of the last 0.95 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
ODFJELL INVEST (OZU.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2.300 and 1.940 that was broken down at 2.850 transforming into a resistance line.
ODFJELL INVEST (OZU.BE) Mid term stock chart patterns for internet stock trading :
ODFJELL INVEST (OZU.BE) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 3.250 and 3.480, and is currently resisting at 3.079.
Stock Trading Conclusion:
ODFJELL INVEST (OZU.BE) was trading in a bearish 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 : 2.89, 2.92, 2.98, 3.03, 3.03, 3.08, 3.09, 3.25, 4.89.
Stock Support levels : 2.78, 2.66, 2.30, 2.04,.