Today we will analyze the stock OCEANTEAM (OPU.OL) for internet stock trading in the OL stock market,
Stock Technical indicators to notice in OCEANTEAM (OPU.OL)
1- Last bullish trend was from 0.77 $ (2/10/2011) to 0.80 $ (2/16/2011) a 0.03 $ move 2- The current bearish trend started from 0.80 $ at 2/16/2011 and is currently trading at 0.76 $.
3- OPU.OL current support level is at 0.75 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
4- OPU.OL current resistance level is at 0.76 which is the 127.20 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
OCEANTEAM (OPU.OL) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.080 $ height triangle which was broken down at 0.760, target of the pattern is 0.680.
OCEANTEAM (OPU.OL) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 0.410 $ height triangle which was broken up at 0.800, target of the pattern is 1.210 which was broken down at 0.790 in higher than usual volume, target of the pattern is 0.380.
OCEANTEAM (OPU.OL) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 0.740 and 0.570 that was broken down at 0.790 transforming into a resistance line.

Stock Trading Conclusion:
OCEANTEAM (OPU.OL) was trading in a strong bullish 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 : 0.762, 0.769, 0.770, 0.775, 0.780, 0.781, 0.785, 0.785, 0.789, 0.789, 0.793, 0.800, 0.807, 1.210.
Stock Support levels : 0.751, 0.717, 0.680,.