Stock Technical indicators to notice in STRATA OIL and GAS INC (SOIGF.OB)
1- Last bullish trend was from 0.10 $ (4/17/2012) to 0.12 $ (4/18/2012) a 0.02 $ move 2- The current bearish trend started from 0.12 $ at 4/18/2012 and is currently trading at 0.09 $.
4- SOIGF.OB current resistance level is at 0.09 which is the 127.20 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
STRATA OIL and GAS INC (SOIGF.OB) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.100 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 0.120 .
STRATA OIL and GAS INC (SOIGF.OB) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.100 that failed and formed a resistance.
9- The Stock formed Double Top Pattern at 0.120 .
STRATA OIL and GAS INC (SOIGF.OB) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 0.100 that failed and formed a resistance.
11- The Stock formed Double Top Pattern at 0.120 .
Stock Trading Conclusion:
STRATA OIL and GAS INC (SOIGF.OB) was trading in a strong bearish 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 : 0.095, 0.097, 0.100, 0.101, 0.105, 0.108, 0.109, 0.110, 0.112, 0.115, 0.120,.
Stock Support levels :.
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