Stock Technical indicators to notice in Radio One (ROIA)
1- Last bearish trend was from 1.23 $ (5/2/2012) to 1.04 $ (5/8/2012) a 0.19 $ move 2- The current bullish trend started from 1.04 $ at 5/8/2012 and is currently trading at 1.12 $.
4- ROIA current resistance level is at 1.13 which is the 50.00 % fibonacci retracement of the last 0.19 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Radio One (ROIA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.040 and 0.970, and is currently supporting at 1.048.
Radio One (ROIA) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 1.040 and 0.970,resistance between 1.230 and 1.100, the stock channel is currently supported from below by 1.048 and resisted from above by 1.268.
Radio One (ROIA) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
Radio One (ROIA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 1.13, 1.16, 1.23, 1.28, 1.35.
Stock Support levels : 1.11, 1.10, 1.09, 1.08, 1.08, 1.07, 1.05, 1.04,.
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