Stock Technical indicators to notice in OCEANFREIGHT INC (OCNF)
1- Last bearish trend was from 0.96 $ (8/27/2010) to 0.90 $ (8/31/2010) a 0.06 $ move 2- The current bullish trend started from 0.90 $ at 8/31/2010 and is currently trading at 0.97 $.
4- OCNF current resistance level is at 0.98 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 becoming weaker.
OCEANFREIGHT INC (OCNF) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.900 .
7- The Stock formed a 0.290 $ height triangle which was broken up at 0.970 in higher than usual volume, target of the pattern is 1.260.
OCEANFREIGHT INC (OCNF) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.900 .
9- The Stock formed a 0.510 $ height triangle which was broken up at 0.970 in higher than usual volume, target of the pattern is 1.480.
OCEANFREIGHT INC (OCNF) Long term stock chart patterns for internet stock trading :
10- The Stock was resisted by a resistance line, identified by two points: 1.410 and 1.620, and is currently resisting at 1.257.
Stock Trading Conclusion:
OCEANFREIGHT INC (OCNF) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.976, 0.997, 1.257, 1.260, 1.480.
Stock Support levels : 0.960, 0.953, 0.943, 0.937, 0.935, 0.930, 0.927, 0.923, 0.914, 0.911, 0.904, 0.900,.
