Stock Technical indicators to notice in OAK Financial Corp. (OKFC.OB)
1- Last bearish trend was from 30.20 $ (3/26/2010) to 28.85 $ (4/6/2010) a 1.35 $ move 2- The current bullish trend started from 28.85 $ at 4/6/2010 and is currently trading at 31.00 $.
4- OKFC.OB current resistance level is at 31.03 which is the 161.80 % fibonacci retracement of the last 1.35 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
OAK Financial Corp. (OKFC.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 28.850 and 24.650, and is currently supporting at 30.839.
OAK Financial Corp. (OKFC.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 24.650 and 17.080 that was broken down at 25.000 transforming into a resistance line.
OAK Financial Corp. (OKFC.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 24.650 and 17.080 that was broken down at 25.000 transforming into a resistance line.
Stock Trading Conclusion:
OAK Financial Corp. (OKFC.OB) was trading in a bullish wave, which is becoming stronger .
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 : 31.03, 40.35,.
Stock Support levels : 30.84, 30.57, 30.49, 30.20, 30.18, 29.92, 29.68, 29.67, 29.53, 29.37, 29.17, 28.85,.
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