Today we will analyze the stock RICOH CO LTD SP ADR (RICOY.OB) for internet stock trading in the OB stock market,
Stock Technical indicators to notice in RICOH CO LTD SP ADR (RICOY.OB)
1- Last bullish trend was from 47.56 $ (3/23/2012) to 50.22 $ (4/2/2012) a 2.66 $ move 2- The current bearish trend started from 50.22 $ at 4/2/2012 and is currently trading at 41.10 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
RICOH CO LTD SP ADR (RICOY.OB) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Top Pattern at 50.220 .
5- The Stock formed a 11.090 $ height triangle which was broken down at 49.380, target of the pattern is 38.290.
RICOH CO LTD SP ADR (RICOY.OB) Mid term stock chart patterns for internet stock trading :

None.
RICOH CO LTD SP ADR (RICOY.OB) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
RICOH CO LTD SP ADR (RICOY.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 43.25, 44.58, 45.66, 46.74, 49.57, 49.82, 50.07, 50.22, 56.06.
Stock Support levels : 38.29.