Today we will analyze the stock ONWARD HOLDINGS CO. (OKASY.PK) for internet stock trading in the PK stock market,
Stock Technical indicators to notice in ONWARD HOLDINGS CO. (OKASY.PK)
1- Last bullish trend was from 32.60 $ (9/22/2009) to 34.60 $ (10/9/2009) a 2.00 $ move 2- The current bearish trend started from 34.60 $ at 10/9/2009 and is currently trading at 31.15 $.
3- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ONWARD HOLDINGS CO. (OKASY.PK) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bearish stock channel identifed by support at 32.600 and 52.770,resistance between 34.600 and 54.400 which was broken up at 33.050.
ONWARD HOLDINGS CO. (OKASY.PK) Mid term stock chart patterns for internet stock trading :

5- The Stock was resisted by a resistance line, identified by two points: 34.600 and 57.800 that was broken up at 33.050 transforming into a supporting line.
ONWARD HOLDINGS CO. (OKASY.PK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
ONWARD HOLDINGS CO. (OKASY.PK) was trading in a strong bearish wave, which is becoming weaker .
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 : 31.96, 32.47, 32.88, 33.28, 34.60.
Stock Support levels : 5.76,.