Stock Technical indicators to notice in OHIO POWER CO 4.50 (OHIPM.OB)
1- Last bearish trend was from 89.08 $ (8/9/2011) to 75.22 $ (8/25/2011) a 13.86 $ move 2- The current bullish trend started from 75.22 $ at 8/25/2011 and is currently trading at 109.15 $.
OHIO POWER CO 4.50 (OHIPM.OB) Short term stock chart patterns for internet stock trading :
None.
OHIO POWER CO 4.50 (OHIPM.OB) Mid term stock chart patterns for internet stock trading :
None.
OHIO POWER CO 4.50 (OHIPM.OB) Long term stock chart patterns for internet stock trading :
4- The Stock formed Double Bottom Pattern at 75.220 .
5- The Stock formed Double Top Pattern at 89.080 that failed, and formed a support .
Stock Trading Conclusion:
OHIO POWER CO 4.50 (OHIPM.OB) was trading in a strong 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 : .
Stock Support levels : 101.14, 96.19, 92.18, 89.21, 88.18, 75.33,.
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