Stock Technical indicators to notice in OHB TECHNOLOGY (OHB.HM)
1- Last bullish trend was from 12.80 $ (4/25/2012) to 13.43 $ (5/2/2012) a 0.63 $ move 2- The current bearish trend started from 13.43 $ at 5/2/2012 and is currently trading at 12.94 $.
4- OHB.HM current resistance level is at 13.04 which is the 61.80 % fibonacci retracement of the last 0.63 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
OHB TECHNOLOGY (OHB.HM) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 13.430 and 13.600, and is currently resisting at 13.400.
OHB TECHNOLOGY (OHB.HM) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 13.860 .
OHB TECHNOLOGY (OHB.HM) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 11.020 and 8.850,resistance between 12.530 and 10.910 which was broken down at 13.610.
Stock Trading Conclusion:
OHB TECHNOLOGY (OHB.HM) 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 : 13.04, 13.06, 13.11, 13.13, 13.18, 13.19, 13.24, 13.28, 13.40, 13.43, 13.81, 15.65.
Stock Support levels : 12.80, 12.63,.
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