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 18.60 $ (9/25/2012) to 20.11 $ (10/2/2012) a 1.51 $ move 2- The current bearish trend started from 20.11 $ at 10/2/2012 and is currently trading at 15.64 $.
3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
OLYMPUS CORP SP ADR (OCPNY.PK) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 18.600 that failed and formed a resistance.
5- The Stock formed Double Top Pattern at 20.110 .
OLYMPUS CORP SP ADR (OCPNY.PK) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 18.600 that failed and formed a resistance.
7- The Stock formed Double Top Pattern at 20.110 .
OLYMPUS CORP SP ADR (OCPNY.PK) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 14.500 and 13.450,resistance between 20.110 and 17.290 which was broken down at 17.680.

Stock Trading Conclusion:
OLYMPUS CORP SP ADR (OCPNY.PK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 16.69, 17.35, 17.88, 18.40, 18.47, 18.57, 18.58, 18.59, 20.11, 20.14, 20.17, 20.21,.
Stock Support levels :.