Today we will analyze the stock ORIENTAL MINERALS INC. (Tier2) (OTL.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in ORIENTAL MINERALS INC. (Tier2) (OTL.V)
1- Last bearish trend was from 0.16 $ (2/16/2010) to 0.15 $ (2/19/2010) a 0.01 $ move 2- The current bullish trend started from 0.15 $ at 2/19/2010 and is currently trading at 0.17 $.
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.
ORIENTAL MINERALS INC. (Tier2) (OTL.V) Short term stock chart patterns for internet stock trading :

4- The Stock formed Double Bottom Pattern at 0.150 .
5- The Stock formed a 0.030 $ height triangle which was broken up at 0.150 in higher than usual volume, target of the pattern is 0.180.
ORIENTAL MINERALS INC. (Tier2) (OTL.V) Mid term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 0.150 .
7- The Stock formed a 0.030 $ height triangle which was broken up at 0.150 in higher than usual volume, target of the pattern is 0.180.
ORIENTAL MINERALS INC. (Tier2) (OTL.V) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 0.180 and 0.240 that was broken up at 0.150 transforming into a supporting line.

Stock Trading Conclusion:
ORIENTAL MINERALS INC. (Tier2) (OTL.V) 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 : 0.180,.
Stock Support levels : 0.165, 0.162, 0.160, 0.158, 0.150, 0.130,.