Stock Technical indicators to notice in ROXAR (ROX.OL)
1- Last bearish trend was from 5.44 $ (3/13/2009) to 5.00 $ (4/27/2009) a 0.44 $ move 2- The current bullish trend started from 5.00 $ at 4/27/2009 and is currently trading at 5.18 $.
4- ROX.OL current resistance level is at 5.22 which is the 50.00 % fibonacci retracement of the last 0.44 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
ROXAR (ROX.OL) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 5.000 and 3.350, and is currently supporting at 5.085.
ROXAR (ROX.OL) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 3.350 .
ROXAR (ROX.OL) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.780 $ height triangle which was broken up at 3.500, target of the pattern is 4.280.
Stock Trading Conclusion:
ROXAR (ROX.OL) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 5.22, 5.27, 5.44, 5.56, 5.71.
Stock Support levels : 5.17, 5.14, 5.11, 5.10, 5.09, 5.08, 5.07, 5.00, 3.35,.
