Stock Technical indicators to notice in INTERMOST CORP (IMOT.OB)
1- Last bearish trend was from 0.25 $ (1/22/2010) to 0.24 $ (1/26/2010) a 0.01 $ move 2- The current bullish trend started from 0.24 $ at 1/26/2010 and is currently trading at 0.25 $.
4- IMOT.OB current resistance level is at 0.25 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
INTERMOST CORP (IMOT.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.240 .
7- The Stock formed a 0.030 $ height triangle which was broken up at 0.250, target of the pattern is 0.280.
INTERMOST CORP (IMOT.OB) Mid term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 0.250 and 0.270,resistance between 0.270 and 0.290, the stock channel is currently supported from below by 0.228 and resisted from above by 0.252.
INTERMOST CORP (IMOT.OB) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 0.160 .
Stock Trading Conclusion:
INTERMOST CORP (IMOT.OB) was trading in a bearish wave, which is becoming stronger .
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 : 0.253, 0.256, 0.280.
Stock Support levels : 0.248, 0.246, 0.245, 0.244, 0.242, 0.240, 0.236,.
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