Today we will analyze the stock EIDESVIK OFFSHORE (EIOF.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in EIDESVIK OFFSHORE (EIOF.OL)
1- Last bullish trend was from 32.50 $ (2/19/2014) to 33.80 $ (2/26/2014) a 1.30 $ move 2- The current bearish trend started from 33.80 $ at 2/26/2014 and is currently trading at 32.60 $.
3- EIOF.OL current support level is at 32.50 which is the 100.00 % fibonacci retracement of the last 1.30 $ move.
4- EIOF.OL current resistance level is at 33.00 which is the 61.80 % fibonacci retracement of the last 1.30 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
EIDESVIK OFFSHORE (EIOF.OL) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 33.800 and 34.500, and is currently resisting at 33.726.
EIDESVIK OFFSHORE (EIOF.OL) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 36.000 and 36.500, and is currently resisting at 35.061.
EIDESVIK OFFSHORE (EIOF.OL) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 4.220 $ height triangle which was broken down at 33.000 in higher than usual volume, target of the pattern is 28.780.

Stock Trading Conclusion:
EIDESVIK OFFSHORE (EIOF.OL) 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 : 32.88, 33.00, 33.06, 33.15, 33.20, 33.30, 33.31, 33.34, 33.49, 33.73, 33.80, 35.06.
Stock Support levels : 32.50, 32.15, 31.70,.