Stock Technical indicators to notice in MARATHON OIL (USS.DE)
1- Last bearish trend was from 39.54 $ (4/26/2011) to 36.00 $ (5/24/2011) a 3.54 $ move 2- The current bullish trend started from 36.00 $ at 5/24/2011 and is currently trading at 38.33 $.
4- USS.DE current resistance level is at 39.54 which is the 100.00 % fibonacci retracement of the last 3.54 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
MARATHON OIL (USS.DE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 39.540 .
MARATHON OIL (USS.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 39.540 .
8- The Stock formed a 4.430 $ height triangle.
MARATHON OIL (USS.DE) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 35.110 and 34.000 that was broken down at 39.500 transforming into a resistance line.
Stock Trading Conclusion:
MARATHON OIL (USS.DE) 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 : 39.54, 40.16, 40.50, 41.73.
Stock Support levels : 38.19, 37.78, 37.77, 37.44, 37.35, 37.17, 36.89, 36.84, 36.00,.
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