Today we will analyze the stock OIL REFINERIES (ORL.TA) for internet stock trading in the TA stock market,
Stock Technical indicators to notice in OIL REFINERIES (ORL.TA)
1- Last bearish trend was from 199.60 $ (12/27/2011) to 192.00 $ (12/29/2011) a 7.60 $ move 2- The current bullish trend started from 192.00 $ at 12/29/2011 and is currently trading at 223.70 $.
3- According to ADX Indicator, the trend is currently strong bullish, 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.
OIL REFINERIES (ORL.TA) Short term stock chart patterns for internet stock trading :

4- The Stock formed a 21.800 $ height triangle which was broken up at 199.600, target of the pattern is 221.400 which was broken down at 196.800, target of the pattern is 175.000.
OIL REFINERIES (ORL.TA) Mid term stock chart patterns for internet stock trading :

None.
OIL REFINERIES (ORL.TA) Long term stock chart patterns for internet stock trading :

5- The Stock formed a 83.300 $ height triangle which was broken up at 216.000 in higher than usual volume, target of the pattern is 299.300.

Stock Trading Conclusion:
OIL REFINERIES (ORL.TA) was trading in a strong bullish 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 : 236.00, 299.30.
Stock Support levels : 216.22, 211.59, 207.85, 205.48, 204.11, 192.61, 192.00,.