Stock Technical indicators to notice in METRODOME GROUP (ODO.DE)
1- Last bearish trend was from 0.04 $ (2/11/2011) to 0.02 $ (2/14/2011) a 0.02 $ move 2- The current bullish trend started from 0.02 $ at 2/14/2011 and is currently trading at 0.04 $.
4- ODO.DE current resistance level is at 0.05 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
METRODOME GROUP (ODO.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.040 .
7- The Stock formed a 0.030 $ height triangle which was broken down at 0.040, target of the pattern is 0.010.
METRODOME GROUP (ODO.DE) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.040 .
9- The Stock formed a 0.030 $ height triangle which was broken down at 0.040, target of the pattern is 0.010.
METRODOME GROUP (ODO.DE) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Top Pattern at 0.040 .
11- The Stock formed a 0.030 $ height triangle which was broken down at 0.040, target of the pattern is 0.010.
Stock Trading Conclusion:
METRODOME GROUP (ODO.DE) was trading in a bullish 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 : 0.045, 0.052, 0.185,.
Stock Support levels : 0.035, 0.032, 0.030, 0.028, 0.025, 0.020, 0.010,.
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