Stock Technical indicators to notice in ODEON FILM (ODE.F)
1- Last bullish trend was from 1.15 $ (4/25/2012) to 1.21 $ (4/26/2012) a 0.06 $ move 2- The current bearish trend started from 1.21 $ at 4/26/2012 and is currently trading at 1.12 $.
4- ODE.F current resistance level is at 1.13 which is the 127.20 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ODEON FILM (ODE.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 1.210 .
ODEON FILM (ODE.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.210 and 1.300, and is currently resisting at 1.196.
ODEON FILM (ODE.F) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 1.300 .
Stock Trading Conclusion:
ODEON FILM (ODE.F) 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 : 1.13, 1.14, 1.15, 1.15, 1.17, 1.17, 1.18, 1.18, 1.19, 1.20, 1.20, 1.21, 1.30.
Stock Support levels : 1.11.
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