Omnivision Technologies (NASDAQ: OVTI) (NASDAQ:OVTI) Stock Research Trends Targets and Technical Analysis - Nasdaq market [en]

Today we will analyze the stock Omnivision Technologies (OVTI) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Omnivision Technologies (OVTI)
1- Last bullish trend was from 13.88 $ (2/23/2010) to 16.84 $ (3/10/2010) a 2.96 $ move 2- The current bearish trend started from 16.84 $ at 3/10/2010 and is currently trading at 15.87 $. 3- OVTI current support level is at 15.71 which is the 38.20 % fibonacci retracement of the last 2.96 $ move.
4- OVTI current resistance level is at 16.14 which is the 23.60 % fibonacci retracement of the last 2.96 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Omnivision Technologies (OVTI) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 13.880 and 12.250, and is currently supporting at 15.646.
Omnivision Technologies (OVTI) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 15.260 and 15.670 that was broken up at 14.110 transforming into a supporting line.
Omnivision Technologies (OVTI) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 12.250 and 12.120, and is currently supporting at 12.340.

Stock Trading Conclusion:
Omnivision Technologies (OVTI) was trading in a bullish wave, which is becoming stronger .
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 : 16.10, 16.14, 16.24, 16.35, 16.47, 16.84,.
Stock Support levels : 15.71, 15.65, 15.36, 15.01, 13.88, 13.07, 12.34, 12.23,.