Stock Technical indicators to notice in BROMPTON EQUAL WT UNITS (OGF-UN.TO)
1- Last bullish trend was from 4.44 $ (4/23/2012) to 4.81 $ (5/1/2012) a 0.37 $ move 2- The current bearish trend started from 4.81 $ at 5/1/2012 and is currently trading at 4.60 $.
4- OGF-UN.TO current resistance level is at 4.63 which is the 50.00 % fibonacci retracement of the last 0.37 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
BROMPTON EQUAL WT UNITS (OGF-UN.TO) Short term stock chart patterns for internet stock trading :
None.
BROMPTON EQUAL WT UNITS (OGF-UN.TO) Mid term stock chart patterns for internet stock trading :
None.
BROMPTON EQUAL WT UNITS (OGF-UN.TO) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 4.570 and 4.050 that was broken down at 4.980 transforming into a resistance line.
Stock Trading Conclusion:
BROMPTON EQUAL WT UNITS (OGF-UN.TO) was trading in a bearish wave, which is becoming weaker .
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 : 4.63, 4.65, 4.67, 4.68, 4.70, 4.72, 4.73, 4.81, 6.19.
Stock Support levels : 4.58, 4.44, 4.34,.
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