Stock Technical indicators to notice in Oracle Healthcare Acquisition Corp. (OHAQ.PK)
1- Last bullish trend was from 0.01 $ (7/3/2008) to 0.02 $ (7/15/2008) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 7/15/2008 and is currently trading at 0.01 $.
4- OHAQ.PK current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- 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.
Oracle Healthcare Acquisition Corp. (OHAQ.PK) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.010 .
7- The Stock formed a 0.020 $ height triangle.
Oracle Healthcare Acquisition Corp. (OHAQ.PK) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.010 .
9- The Stock formed a 0.020 $ height triangle.
Oracle Healthcare Acquisition Corp. (OHAQ.PK) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 0.010 .
11- The Stock formed a 0.020 $ height triangle.
Stock Trading Conclusion:
Oracle Healthcare Acquisition Corp. (OHAQ.PK) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 0.012, 0.014, 0.015, 0.016, 0.018, 0.020,.
Stock Support levels : 0.007,.
