Stock Technical indicators to notice in ORBIT/FR Inc. (ORFR.OB)
1- Last bullish trend was from 1.32 $ (4/25/2012) to 1.75 $ (5/1/2012) a 0.43 $ move 2- The current bearish trend started from 1.75 $ at 5/1/2012 and is currently trading at 1.27 $.
4- ORFR.OB current resistance level is at 1.32 which is the 100.00 % fibonacci retracement of the last 0.43 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ORBIT/FR Inc. (ORFR.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.320 and 1.010 that was broken down at 1.300 transforming into a resistance line.
ORBIT/FR Inc. (ORFR.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.320 and 1.010 that was broken down at 1.300 transforming into a resistance line.
ORBIT/FR Inc. (ORFR.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.320 and 1.010 that was broken down at 1.300 transforming into a resistance line.
Stock Trading Conclusion:
ORBIT/FR Inc. (ORFR.OB) was trading in a bearish 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 : 1.32, 1.38, 1.45, 1.48, 1.51, 1.54, 1.56, 1.57, 1.59, 1.65, 1.75,.
Stock Support levels : 1.20, 1.05,.
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