Stock Technical indicators to notice in O2I (ALODI.PA)
1- Last bearish trend was from 1.69 $ (4/30/2012) to 1.47 $ (5/2/2012) a 0.22 $ move 2- The current bullish trend started from 1.47 $ at 5/2/2012 and is currently trading at 1.69 $.
4- ALODI.PA current resistance level is at 1.75 which is the 127.20 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
O2I (ALODI.PA) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 1.470 .
O2I (ALODI.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 1.470 .
O2I (ALODI.PA) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 1.470 .
Stock Trading Conclusion:
O2I (ALODI.PA) was trading in a bearish wave, which is becoming stronger .
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 : 1.75, 1.83.
Stock Support levels : 1.64, 1.61, 1.58, 1.55, 1.52, 1.47,.
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