OCEANFREIGHT INC (NASDAQ: OCNF) (NASDAQ:OCNF) Stock Research Trends Targets and Technical Analysis - Nasdaq market [en]

Today we will analyze the stock OCEANFREIGHT INC (OCNF) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in OCEANFREIGHT INC (OCNF)
1- Last bullish trend was from 0.72 $ (2/24/2010) to 0.87 $ (3/5/2010) a 0.15 $ move 2- The current bearish trend started from 0.87 $ at 3/5/2010 and is currently trading at 0.82 $. 3- OCNF current support level is at 0.81 which is the 38.20 % fibonacci retracement of the last 0.15 $ move.
4- OCNF current resistance level is at 0.83 which is the 23.60 % fibonacci retracement of the last 0.15 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
OCEANFREIGHT INC (OCNF) Short term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.720 and 0.710, and is currently supporting at 0.729.
OCEANFREIGHT INC (OCNF) Mid term stock chart patterns for internet stock trading :

8- The Stock formed a 0.340 $ height triangle which was broken up at 0.810, target of the pattern is 1.150.
OCEANFREIGHT INC (OCNF) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 0.340 $ height triangle which was broken up at 0.810, target of the pattern is 1.150.

Stock Trading Conclusion:
OCEANFREIGHT INC (OCNF) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.832, 0.835, 0.839, 0.845, 0.851, 0.870, 1.150,.
Stock Support levels : 0.813, 0.795, 0.777, 0.739, 0.729, 0.720, 0.679,.