Stock Technical indicators to notice in Osage Exploration and Development (OEDV.OB)
1- Last bearish trend was from 2.20 $ (5/3/2012) to 1.79 $ (5/7/2012) a 0.41 $ move 2- The current bullish trend started from 1.79 $ at 5/7/2012 and is currently trading at 1.87 $.
4- OEDV.OB current resistance level is at 1.89 which is the 23.60 % fibonacci retracement of the last 0.41 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Osage Exploration and Development (OEDV.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.790 and 1.540, and is currently supporting at 1.861.
Osage Exploration and Development (OEDV.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.790 and 1.080 that was broken down at 1.870 transforming into a resistance line.
Osage Exploration and Development (OEDV.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.890 and 0.410, and is currently supporting at 1.193.
Stock Trading Conclusion:
Osage Exploration and Development (OEDV.OB) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 1.89, 1.91, 1.95, 2.00, 2.04, 2.20, 2.31, 2.45.
Stock Support levels : 1.86, 1.85, 1.84, 1.83, 1.82, 1.79, 1.19,.
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