Stock Technical indicators to notice in OREMEX RESOURCES INC. (Tier1) (ORM.V)
1- Last bullish trend was from 0.24 $ (9/1/2011) to 0.25 $ (9/2/2011) a 0.01 $ move 2- The current bearish trend started from 0.25 $ at 9/2/2011 and is currently trading at 0.23 $.
4- Bullish Divergance in MACD Indicator .
OREMEX RESOURCES INC. (Tier1) (ORM.V) Short term stock chart patterns for internet stock trading :
5- The Stock formed a 0.030 $ height triangle which was broken down at 0.240, target of the pattern is 0.210.
OREMEX RESOURCES INC. (Tier1) (ORM.V) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.260 .
7- The Stock formed a 0.060 $ height triangle which was broken down at 0.240, target of the pattern is 0.180.
OREMEX RESOURCES INC. (Tier1) (ORM.V) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.260 .
9- The Stock formed a 0.060 $ height triangle which was broken down at 0.240, target of the pattern is 0.180.
Stock Trading Conclusion:
OREMEX RESOURCES INC. (Tier1) (ORM.V) was trading in a bullish wave, which is becoming stronger .
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 : 0.235, 0.238, 0.240, 0.242, 0.244, 0.250, 0.253, 0.260,.
Stock Support levels : 0.210, 0.180,.
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