Today we will analyze the stock OLYMPUS CORP SP ADR (OCPNY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in OLYMPUS CORP SP ADR (OCPNY.PK)
1- Last bullish trend was from 31.63 $ (2/21/2014) to 34.53 $ (2/28/2014) a 2.90 $ move 2- The current bearish trend started from 34.53 $ at 2/28/2014 and is currently trading at 33.95 $.
3- OCPNY.PK current support level is at 33.85 which is the 23.60 % fibonacci retracement of the last 2.90 $ move.
4- OCPNY.PK current resistance level is at 34.53 which is the 0.00 % fibonacci retracement of the last 2.90 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
OLYMPUS CORP SP ADR (OCPNY.PK) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 31.630 and 28.060 that was broken down at 33.950 transforming into a resistance line.
OLYMPUS CORP SP ADR (OCPNY.PK) Mid term stock chart patterns for internet stock trading :

None.
OLYMPUS CORP SP ADR (OCPNY.PK) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 28.060 and 27.910, and is currently supporting at 28.093.

Stock Trading Conclusion:
OLYMPUS CORP SP ADR (OCPNY.PK) was trading in a bullish 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 : 34.09, 34.17, 34.24, 34.31, 34.53, 34.65.
Stock Support levels : 33.85, 33.42, 33.08, 32.74, 31.63, 30.84, 29.84,.