Sunday, November 22, 2009
OSEBX 20.11.2009
 On Friday (20.11.2009) OSEBX closed at 350.39 up 0.4% from last trading day. Intraday high and low was 355.22 and 347.80. Resistance levels to pay attention to are 352, 353, 357,49 and 362.54. Support levels are 347.67, 343 and 338,47. ADX has increased the last week but the value (23.78) is still relatively low. The bulls has continued to dominate the market but we now see that there is a much more agreement between the bulls and the bears in the market about the OSEBX level. It will be interesting to see how this develops on Monday. Like we said last week, RSI continue to stay within its rising channel where there are still room for further rise for OSEBX according to this RSI channel. On the other hand the RSI channel also leaves room for a potential fall for OSEBX and it seems that the RSI channel support level could coincide with the 343 level seen for OSEBX. Pivot points for tomorrow are PP = 351.14, S1 = 347.06, S2 = 343.72, R1 = 354.48, R2 = 358.56. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, November 15, 2009
OSEBX 13.11.2009
 On Friday (13.11.2009) OSEBX closed at 347.65 up 0.5% from last trading day. Intraday high and low was 348.15 and 344.29. Resistance levels to pay attention to are 349.42, 352 and 356. Support levels are 343.32, 339.55 and 336.51. ADX seems to have "flattened out" and are now rising. The bulls are dominating the market although a very weak domination. RSI continue to stay within its rising channel and there are still room for further rise for OSEBX according to this RSI channel. Pivot points for tomorrow are PP = 346.70, S1 = 345.24, S2 = 342.84, R1 = 349.10, R2 = 350.55. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, November 8, 2009
OSEBX 06.11.2009
 On Friday (06.11.2009) OSEBX closed at 334.52 down 0.8% from last trading day. Intraday high and low was 341.18 and 333.32. Resistance levels to pay attention to are 336, 339 and 342. Support levels are 332, ~330 and 325/326. ADX is continuing its fall and neither the bulls nor the bears are dominating the market. There seems to be high uncertainty of how the market will move the coming days. What we can say though is that the bulls are gaining some momentum and are less negative than before. RSI is also in a "no man's land" at the moment. Because there is no clear trend in the market RSI would be ideal to look at for further clues, but now there are no clear indications from RSI neither other than falling tops and slightly rising bottoms (falling tops - not good, rising bottoms - good). In the long picture RSI is still withing the rising trend channel. Pivot points for tomorrow are PP = 336.34, S1 = 331.50, S2 = 328.48, R1 = 339.36, R2 = 344.20. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, November 1, 2009
TECHNICAL ANALYSIS OSEBX 30.10.2009
 On Friday (30.10.2009) OSEBX closed at 331.27 down 1.9% from last trading day. Intraday high and low was 340.92 and 329.38. Resistance levels to pay attention to now are 336, 339 and 342. Support levels are 330, 325/326 and 319. ADX is again falling and we see that the bears are dominating the market for the time being. This domination is currently weak but we must pay close attention to how this developes the days to come. RSI value is at 48.76 and there is a negative tendency seen here now. There are no "proper" tops to be seen for RSI the last days so again we must look closely how this developes the coming days. Pivot points for tomorrow are PP = 333.86, S1 = 326.79, S2 = 322.32, R1 = 338.33, R2 = 345.39. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, October 25, 2009
BULL OR BEAR?
 On Friday (23.10.2009) OSEBX closed at 342.30 down 0.5% from last trading day. Intraday high and low was 349.02 and 342.30. Resistance levels to look for are now 346.63 and the more important 357.50. Support levels are 337.80, 332.34 and 327.93. There has been a change in ADX since last week. ADX are indicating strong trend although the bullish development seen lately are stopping. It is still to early to conclude that this indicate the start of a more bearish market so we need to pay close attention to if ADX still indicate strong trend and -DI increases. RSI value is at 61.25 still giving room for a potential rise for OSEBX. From the other indications seen today the positive momentum is stopping more and more. We do not see falling tops for RSI so we can not, as with ADX, say that this is the start of a more bearish market yet. Pivot points for tomorrow are PP = 344.54, S1 = 340.06, S2 = 337.82, R1 = 346.78, R2 = 351.26. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, October 18, 2009
OSEBX AND 357
 On Friday (16.10.2009) OSEBX closed at 341.90 exactly the same as last trading day. Intraday high and low was 346.63 and 340.52. Resistance levels to look for are now mainly 346.63 and the more important 357.50. Support levels are 334, 326 and 319. ADX is still increasing but are still showing relatively low values. The bulls are dominating the market although still not a very strong domination. RSI value is at 66.56 so still giving room for a potential rise for OSEBX. The potential for now could correspond to the major 357.49 resistance level. Nontheless for now RSI rise seems to have stopped and are hoovering just over 65 without being able to rise further. At the same time there has been an increase for OSEBX so this indicate a decrease in momentum and is therefore a weakening signal. So to conclude, there is still potential room for further rise for OSEBX but as we are seeing a decrease in momentum this could be difficult. Pivot points for tomorrow are PP = 343.02, S1 = 339.41, S2 = 336.91, R1 = 345.52, R2 = 349.13. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Tuesday, October 13, 2009
OSEBX NEAR THE TOP FOR NOW?
 On Tuesday (13.10.2009) OSEBX closed at 335.17 down 0.8% from last trading day. Intraday high and low was 338.61 and 333.56. Resistance levels to look for are now mainly 341/342. Support levels to look for are 329.93, 322.76 and 316.96. ADX has become slightly stronger lately but are still showing low values. The bulls are dominating the market but the domination can be said to be weak for the time being. RSI value is at 62.71 but last major top is lower than the previous major top indicating a possible slowdown in momentum. If current development continues we could possibly see a fall for OSEBX the time to come. Pivot points for tomorrow are PP = 335.78, S1 = 332.95, S2 = 330.73, R1 = 338.00, R2 = 340.83. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, September 27, 2009
OSEBX 25.09.2009
 On Friday (25.09.2009) OSEBX closed at 319.00 up 0.6% from last trading day. Intraday high and low was 321.96 and 317.01. Resistance levels to look for are 320.85 and 329.87. Support levels are 315.27 and 310.76. ADX has become stronger as OSEBX has risen. On the other hand the last few days we have seen a drop for OSEBX and the upward momentum. It is still a bit early to conclude if we are facing a coming downturn. The 310.76 level will be important to pay attention to if we see a fall for OSEBX the coming days. RSI value is at 56.78 and as with ADX we also see the slowdown in momentum here. Pivot points for tomorrow are PP = 319.32, S1 = 316.69, S2 = 314.38, R1 = 321.64, R2 = 324.27. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, September 20, 2009
OSEBX 18.09.2009
 On Friday (18.09.2009) OSEBX closed at 325.53 up 0.1% from last trading day. Intraday high and low was 327.13 and 322.20. From our last analysis we see that there has been a breakout from the 315.78 resistance level. This is very positive and could leave room for further rise. New resistance levels to look for are 332.49 and 341.77. Support levels to look for are now 315.78, 310.85 and 305.42. ADX is still showing low values but has risen lately. From +DI we clearly see that the bulls are dominating the market right now. What is also positive is that last +DI top was higher than the previous +DI top. We could see a new positive trend development coming but it is still to early to say for sure yet. RSI value is at 68.49 also leaving room for further rise for OSEBX. Beside that RSI do not give us any clear indications for further development for the time being. Pivot points for tomorrow are PP = 324.95, S1 = 322.78, S2 = 320.03, R1 = 327.70, R2 = 329.88. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, September 13, 2009
OSEBX 13.09.2009
 On Friday (11.09.2009) OSEBX closed at 312.42 up 0.4% from last trading day. Intraday high and low was 314.02 and 311.22. Resistance level to look for is 315.78. Support levels are found at ~ 311, 307, 305.42 and 304. ADX is still showing low values but there is currently a weak buying dominance in the market. On the negative side we also see that the momentum is falling. This is seen from lower +DI tops and lower RSI tops while coinciding OSEBX tops are more or less at a similar level of 315. The last and lower RSI top is still a bit early to conclude 100% yet as it is not completed. What we see about the decline in momentum and that OSEBX are at/or near a high resistance level is very interesting. Are we about to see a fall in the market again? RSI leave room for breakout from the 315.78 level but it seems to become a hard battle. Pay extra attention to if 315.78 is broken. What we also need to say some words about is the upcoming Norwegian election tomorrow Monday 14.09. Will it be fair to claim that if the right wing wins the election that 315.78 could be broken, and that what we see for OSEBX today is that the socialists will most likely win? Pivot points for tomorrow are PP = 312.55, S1 = 311.08, S2 = 309.75, R1 = 313.89, R2 = 315.36. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, September 6, 2009
OSEBX 06.09.2009
 On Friday (04.09.2009) OSEBX closed at 299.75 up 1.2% from last trading day. Intraday high and low was 300.84 and 296.26. After some days with general fall there has been two days of upward movement. On the upside we find resistance levels at 301.75, ~305, 307, 310 and ~316. On the downside we find support levels at 298.44, 293 and 287. ADX show low values indicating sideways movement. We also see that -DI is stronger than +DI indicating that there is a selling pressure in the market right now. The selling pressure is currently declining and are about to become quite weak. Bulls and bears are in agreement of where the market should be. RSI is showing falling bottoms and has also been showing falling tops lately. It is now important that we see that RSI precede last top seen at 57.79 to ensure further rise for OSEBX. Pivot points for tomorrow are PP = 298.95, S1 = 297.06, S2 = 294.38, R1 = 301.64, R2 = 303.53. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, August 23, 2009
OSEBX 21.08.2009
 On Friday (21.08.2009) OSEBX closed at 307.36 up 2.5% from last trading day. Intraday high and low was 307.39 and 298.63. The last two weeks we have seen a more or less sideways movement for OSEBX. Resistance levels to pay attention to on the upside is 307.47 and 310.85. On the downside we see 305, ~ 304, 301 and 299 as the immediate levels to pay attention to. ADX is showing lover values indicating more sideways movement. +DI has increased sharply the last few days and must be seen as positive. RSI is about to reach the resistance level at 65 and what happens at this level will be important for the development the coming days. Pivot points for tomorrow are PP = 304.46, S1 = 301.53, S2 = 295.69, R1 = 310.29, R2 = 313.22. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, July 12, 2009
OSEBX AND 253
 On Friday (10.07.2009) OSEBX closed at 261.59 down 2.3% from last trading day. Intraday high and low was 267.78 and 261.17. The last few weeks development has been dramatic with fall from a high of 310.85 (intraday). The actual fall seen lately has not come as a surprise and has been talked about both here on stocktradersbulletin.com and by others long before it actually occurred. This show to some degree what has been expected from Q2 and that we are in the middle of already. So what support and resistance levels are we facing now? On the downside 253 seems very strong and some time ago we talked about that this level could be the low level for the correction we are now seeing. We have not changed our mind about that yet and are still believing that 253 will be a strong support level. If this level fails 239/240 is the next to look for. On the upside 266 and 282 are the immediate levels to pay attention to. ADX has fallen substantially but are still showing relatively high numbers (22.16) and has began to rise again due to development of the negative trend seen lately. RSI are showing low values and what is negative is that we still see falling tops and falling bottoms. All in all it do look relatively negative but we choose to see this as a healthy correction in the market as a response to the strong rise seen earlier. We also see 253 as possible bottom for the correction. Pivot points for tomorrow are PP = 263.52, S1 = 259.25, S2 = 256.90, R1 = 265.86, R2 = 270.13. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, June 28, 2009
OSEBX 28.06.2009
 On Friday (26.06.2009) OSEBX closed at 280.13 up 1.1% from last trading day. Intraday high and low was 284.71 and 277.01. Even though intraday high on Friday was above 282 the close was still below 282 meaning we have not had a "valid" breakout from this resistance level yet. ADX has fallen quite sharply but are still showing high values, we also see that +DI and -DI are moving towards each other meaning that the market could be moving towards a more sideways movement. We often see a narrowing between +DI and -DI before larger movements occur. The RSI value is quite low now but there is still room for further fall. If there would be a fall in the market 266 and 253 are the predominant levels where there is major support to be found. On the upside 282 and 305 are the dominant resistance levels to pay attention to. Pivot points for tomorrow are PP = 280.62, S1 = 276.52, S2 = 272.91, R1 = 284.23, R2 = 288.32. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, June 21, 2009
OSEBX 19.06.2009
 On Friday (19.06.2009) OSEBX closed at 289.19 up 0.3% from last trading day. Intraday high and low was 291.36 and 286.52. After stopping at 308 there was not enough momentum to take OSEBX higher at this stage and we have later seen a fall down to 282 after this. The last two trading days have been positive but it is too early to say that the pullback is over for now. 305 and 308 are the immediate resistance levels to look for on the upside while on the downside look for 282, 266 and 253 as support levels. ADX is still indicating strong trend but we see that the value is now declining. RSI has fallen sharply the last weeks and as RSI has been indicating for a long time now it seems that OSEBX is starting to follow the downward RSI movement. RSI do not give any good and clear indications for the future development for OSEBX at this stage but as OSEBX turned upwards from 282 this is at least very positive. Pivot points for tomorrow are PP = 289.02, S1 = 286.69, S2 = 284.18, R1 = 291.53, R2 = 293.87. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, June 14, 2009
OSEBX12.06.09
 On Friday (12.06.2009) OSEBX closed at 304.88 down 1.3% from last trading day. Intraday high and low was 310.85 and 304.88. We still see that the 303 - 305 level is very dominant for OSEBX. Intraday we have seen values higher than this resistance level but so far there has been no "real" breakout. The needed momentum has not been there yet so what we experience here now is a consolidation. If there is a breakout from 305, 311.69 is the next resistance level. On the downside 287.20 and 265.96 are the support levels to look for. ADX is still rising and is indicating strong positive trend, but the increase in value has been much slower lately than we have seen earlier in this trend. Taking a look at RSI it is still showing high values but the negative divergence is still there. If the 305 level is not passed soon there could be a pullback for OSEBX. We therefor suggest that you pay extra attention to what is happening around the 305 level to see what will happen further. Also pay attention to the falling trendline seen in RSI. Pivot points for tomorrow are PP = 306.87, S1 = 302.88, S2 = 300.89, R1 = 308.86, R2 = 312.85. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, June 7, 2009
OSEBX 05.06.2009
 On Friday (05.06.2009) OSEBX closed at 300.31 up 1.1% from last trading day. Intraday high and low was 302.55 and 297. Looking at the chart we see that the 305 resistance level talked about here at stocktradersbulltin.com earlier has proven too strong so far. If the 305 level is broken the coming days 311.69 is the next level to look for on the upside. On the downside we find support levels at 287.20 and 265.96. The ADX value we now see indicate a strong trend (now uptrend). What is still a bit worrying is the falling RSI tops. This could indicate a pullback to 287.20 but we should not be surpriced if 305 is tested quite soon either. Pivot points for tomorrow are PP = 299.95, S1 = 297.36, S2 = 294.40, R1 = 302.91, R2 = 305.50. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, May 24, 2009
TIME TO BUY DERIVATIVE BEAR?
 On Friday (22.05.2009) OSEBX closed at 283.88 down 2.2% from last trading day. Intraday high and low was 290.14 and 282.05. Looking at the chart we see that a resistance level at 291.79 has formed and we also see what could be a beginning double top pattern. It is too early to conclude this yet but we should be aware of it. As we know a double top pattern is a reversal pattern where according to theory the potential fall will here be defined from ~290 - ~267 = 23. 267 - 23 = 244. So if this pattern is completed we could theoretically see a fall down to about 244 for OSEBX. Support levels to pay attention to the coming days are 266, 253 and 242. +DI is showing lower tops also indicating a possible downturn. We also find falling tops in the RSI chart and this is an indication of negative times to come. Actually what we see is a divergence between the higher tops seen for OSEBX while the coinciding tops in RSI is getting lower. When RSI values are as high as now the divergence is a strong indication that the market could fall the days to come. For this not to happen we would like to see RSI rising above its last top and only then can we start talking about a continuation of the upward trend seen lately. Pivot points for tomorrow are PP = 285.35, S1 = 280.57, S2 = 277.26, R1 = 288.66, R2 = 293.44. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Monday, May 11, 2009
WHERE IS OSEBX GOING?
 Today (11.05.2009) OSEBX closed at 277.73 down 2.3% from last trading day. Intraday high and low was 287.21 and 276.54. As discussed in our previous analysis of OSEBX we said that the 274 level could represent a possible high for the time being even though there were a slight chance for the 303-305 level to be reached. As we have seen today OSEBX is down after a high of 287. What support levels should we pay attention to the coming days? 274, 266 and 253 are the immediate support levels to pay attention to and where 253 seems to be quite strong. On the upside we find resistance levels at 287 and 303-305. Looking at the RSI we see declining values ending at 69.83 today. The value is still quite high and could easily indicate a further fall for OSEBX the coming days. 274 could then be tested very soon. Pivot points for tomorrow are PP = 280.49, S1 = 273.78, S2 = 269.82, R1 = 284.45, R2 = 291.16. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Tuesday, May 5, 2009
OSEBX 05.05.2009
 Today (05.05.2009) OSEBX closed at 265.54 down 0.2% from yesterday. Intraday high and low was 271.04 and 263.75. Looking at the chart we see that the important 254 level was broken yesterday. This could open up for OSEBX to rise even further. Immediate levels to look for on the upside is 274.41 and 303-305. On the downside 254 is very important. If this level fails 242, 238.48 and 232.56 will play a role as support levels. RSI has been rising very nicely the last weeks and are now about to reach 70 (68.89 today). RSI value of 70 (indicating overbought by many) could correspond very well with the resistance level of 274. With this in mind 274 could be too strong a resistance level for now, but we should not exclude the possibility of OSEBX to reach 300 even though the likelihood for this is small the coming days. ADX is showing higher values than in a long time indicating a positive trend development for OSEBX. To sum it up things look quite good at the moment but we are seeing positive "stretched" values that could mean that the very positive development we have seen lately will take a short break. Pivot points for tomorrow are PP = 266.78, S1 = 262.52, S2 = 259.49, R1 = 269.80, R2 = 274.06. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, April 5, 2009
OSEBX 05.04.2009
 On Friday (03.04.2009) OSEBX closed at 232.84 down 2.9% from Thursday. Intraday high and low was 242.63 and 232.66. If we take a closer look at the chart, Friday's move was more or less perfect within the support and resistance levels we set out earlier. Looking further the support levels that could play a role the coming days are beside 232.44, 225.71, 219, 214.75 and 210.66. Resistance levels are 242, 243 and 253. ADX values are rising and together with higher DI values this is very positive. RSI value is 55.75 but when we look at the tops we clearly see a weakening here. The momentum we have seen lately is slowing down. This could indicate a slow down for OSEBX the coming days. For this not to happen we would like to see RSI rise above both 60 and 62 (last two tops) but until then it looks like OSEBX could fall the next days. If this should happen 225.71 is a relatively strong support level that could be tested. Pivot points for tomorrow are PP = 236.04, S1 = 229.45, S2 = 226.07, R1 = 239.42, R2 = 246.01. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Thursday, March 26, 2009
OSEBX 26.03.2009
 Today (26.03.2009) OSEBX closed at 237.84 up 2.0% from yesterday. Intraday high and low was 238.43 and 233.06. As seen from the chart OSEBX broke out from the relatively strong 232/233 level. This is seen as very positive and could lead way for further rise for OSEBX. It is not far till next resistance level found at about 242/243 and if there will be a breakout from this level is too early to say yet but do not get surprised if there will be a reaction down again if this level is tested soon. Even further upwards we also find a resistance level at 254. On the downside pay attention to 232.44, 225.71 and 219/220. ADX is showing relatively low values but they are increasing. +DI and -DI are showing positive signals but we want to see a higher +DI value than today (30.97) as this is roughly the value of last +DI top. RSI is increasing in value and are now at 62.55. Looking at the chart we clearly see the increasing in RSI value but RSI still give room for further rise for OSEBX. As it seems now the 242/243 level could be tested very soon but do not get surprised if OSEBX falls back and test 232/233 or even 225 again soon. Pivot points for tomorrow are PP = 236.44, S1 = 234.46, S2 = 231.07, R1 = 239.83, R2 = 241.81. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Wednesday, March 11, 2009
OSEBX 11.03.09
 Today (11.03.2009) OSEBX closed at 212.32 down 1.6% from yesterday. Intraday high and low was 219.37 and 212.32. OSEBX was up and tested the 219 level today but there was not enough force behind the upward move to break out from the resistance level. It seems that 219/220 is a relatively strong resistance level. From today's close on the upside we see resistance levels at 214.75, ~219, 225 and ~233. Support levels are 210.66, 208 and 197. After two days of rising OSEBX (Monday and Tuesday) there was a small fall today. There has been a negative trend in development lately and the question now is if this trend is coming to an end soon. ADX is showing decreasing values along with -DI. +DI is also showing positive development. All in all this give us positive indications for the near future. RSI has broken the falling trend line that we could see earlier and are now continuing its move in the earlier defined trend channel. We see that there is a negative trend line forming the upper part of the trend channel. In order to see a positive development in the time to come we would like to see that this trend line is broken. RSI now give room for further fall for OSEBX but there are also room for some positive development and it seems that 220 or 225 could correspond to the falling trend line seen forming the upper line in the RSI trend channel. Pivot points for tomorrow are PP = 214.56, S1 = 209.76, S2 = 207.21, R1 = 217.12, R2 = 221.92. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow, OSEBX or any other indexes you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Tuesday, March 10, 2009
OSEBX 09.03.09
 Today (09.03.2009) OSEBX closed at 206.22 up 2.6% from last trading day. Intraday high and low was 206.30 and 198.36. We see that today's low was almost down and tested the 197 level but ended near the 206 level. On the upside we find resistance levels at 208, 211, 215 and 220. On the downside we see support levels at 204, 202.62, 200.24 and 197.20. ADX is still showing increased values indicating that OSEBX is moving more and more into a trend. By looking at -DI it seems that lower bottoms are forming, but unfortunately we do not see any higher highs or higher bottoms for +DI yet. This indicate a strengthening in the negative direction and could lead to further fall for OSEBX. We should pay attention to -DI and see if a potentially new high will be lower than the last high of about 36. RSI is back in the trend channel but its value of 43.66 seen today does not give us any indications if OSEBX is either oversold of over bought. What we do see is that RSI is now at the falling resistance line. This could give us a reaction down tomorrow, but if there is a breakout from this level further rise for OSEBX will be indicated. There are many indications that OSEBX will continue its fall where 204, 202.62, 200 and 197 could easily be teste the coming days. Pivot points for tomorrow are PP = 203.62, S1 = 200.95, S2 = 195.68, R1 = 208.89, R2 = 211.56. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow or for any indexes you can do that with the Dukascopy pivot point calculator found in our Financial Calendar page. Happy trading SB
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Wednesday, March 4, 2009
OSEBX DOWN DOWN DOWN?
 Today (04.03.2009) OSEBX closed at 211.11 up 6.9% from yesterday. Intra day high and low was 211.11 and 197.53. During the last few days there has been a dramatic change. Just a few days ago OSEBX was as high as 219 while yesterday it was as low as 197 but today's rise make up for some of the fall we have seen the last couple of days. This all confirm that the market is very volatile and risky. If we take a look at the chart we can see the dominant support and resistance levels for the time being. Support levels are 210.84, 208.24, 205.63, 202.41 and 197.20. On the upside the resistance levels are 214.55, 219/220, 225,59 and 232. It was very negative that the new bottom was lower than last one at 201. What becomes important now is that we see a higher top than 219 forming as well as higher bottoms than 197 as this could indicate ending of the short term negative trend. RSI is back up in the trend channel but the value of 44.97 tells very little other than the market is very unsure. ADX is still increasing as a consequence to the falling trend we see for OSEBX. From this we can conclude that the market looks very risky at the moment and you need to know what your doing if you are trading these days. Pivot points for tomorrow are PP = 206.58, S1 = 202.06, S2 = 193, R1 = 215.64, R2 = 220.17. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow or for OSEBX you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Following the same link will also take you to the financial calendar. Happy trading. SB
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Monday, March 2, 2009
OSEBX 27.02.09
 On Friday (27.02.2009) OSEBX closed at 214.64 down 2.1% from last trading day. Intra day high and low was 219.27 and 211.37. Looking at the chart we see that the support level at 211.49 held even though it was tested intra day. Support levels to look for the coming days are 214, 211,49 and 201.72. On the upside the resistance levels are 217.54, ~222, 227/228, 234 and 243.14 (if you are very optimistic). We see some positive signals from +DI and -DI. +DI is increasing while -DI is decreasing. ADX is also showing a continuing strengthening in value. The RSI value is not giving much additional information but if we make a trend channel we see that there is room for a fall for OSEBX to 211.49 at least and if the support trend line seen for RSI fails 201.72 could easily be tested again. Pivot points for tomorrow are PP = 215.09, S1 = 210.92, S2 = 207.19, R1 = 218.81, R2 = 222.99. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow or for OSEBX you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Wednesday, February 25, 2009
OSEBX 217?
 Today (25.02.2009) OSEBX closed at 211.23 up 0.9% from yesterday with intra day high and low of 216.07 and 209.38. As we can see from the chart there are some newly formed support and resistance levels and today the close was just below the 211.50 resistance level. At the moment it seems that OSEBX will move between 217.54 and 208.60 the coming days. If 208.60 fails 201.72 will be the next support level and on the upside if 217 is broken 222.43 is the next resistance level. ADX is starting to show higher values and -DI and +DI is indicating slightly more negative signals. Pivot points for tomorrow are PP = 212.22, S1 = 208.38, S2 = 205.53, R1 = 215.07, R2 = 218.91. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow or for OSEBX you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Wednesday, February 18, 2009
OSEBX 18.02.2009
 Today (18.02.2009) OSEBX closed at 221.09 down 1.4% with intra day high and low of 224.84 and 218.24. Looking at the chart we can see that so far the 220.32 level is still holding even though OSEBX were lower intra day today. The development we have seen lately is very disturbing but there are still hope that OSEBX will rise again quite soon. As we have said earlier what is important now is that we do not get a close lower than about 217. We would expect the 217 level to be quite strong but 214 could be reached at least intra day. There are still no signals from ADX, +DI or -DI to be seen. The rising trend channel we could see in the RSI chart has come to an end. RSI is now far below the support line in the trend channel. Having said that it seems that there are some support to be found at today's RSI level. If you look at the RSI chart you clearly see the support level. Combining RSI- and the price- chart we would guess that 217 is a good estimate where the downturn will stop this time. But like we said earlier if the 217 level fails this would be regarded as very negative. Pivot points for tomorrow are PP = 221.39, S1 = 217.94, S2 = 214.79, R1 = 224.54, R2 = 227.99. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow or for OSEBX you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Monday, February 16, 2009
OSEBX 16.02.2009
 Today (16.02.2009) OSEBX closed at 230.87 down 1.7% with intra day high and low of 234.90 and 230.84. Taking a closer look at the price chart we see that OSEBX are back down below the 232 level. This is negative and to find the next real support level we have to look for 228.62. This level should normally be quite strong but we should not be surprised if 225/226 is reached. Even further down we have support level at 220.32, 217.31 and 214. On the upside we find resitance levels at 236.29/236.80 and 243.14. There are still no change to spot from -DI or +DI. ADX is showing some minor strenghtening. RSI seems to be on its way out of the rising RSI channel which is negative. Looking at the price chart what is important now is that a new bottom should not be lower than 217 (last bottom). Pivot points for tomorrow are PP = 232.20, S1 = 229.50, S2 = 228.14, R1 = 233.57, R2 = 236.27. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow or for OSEBX you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Wednesday, February 11, 2009
OSEBX 11.02.2009
 Today (11.02.2009) OSEBX closed at 237.23 up 0.2% with intra day high and low of 239.29 and 232.57. Taking a closer look at the price chart we see that today's low fits well with the support level of 232 and today's close was just above the 236.80 level seen in the chart. From last analysis we see that the previous strong 233 level has been broken which is positive. The resistance levels to look for the coming days are 243 and 253/254. On the downside we have support levels at 236/237, 232, 228.62 and 226/225. Further down 217 should be regarded as a relatively strong support level. +DI and -DI are "dancing" (see previous analysis for further detail) and we see a strengthening in trendiness indicated by rising ADX value. RSI is in a more or less neutral state but with a hint of positiveness due to value being higher than 50. RSI is moving nicely in the trend channel but we see that there are room for a fall down to the rising support trendline. If this should occur this could coincide with an OSEBX value of possibly 228-226. Pivot points for tomorrow are PP = 236.37, S1 = 233.44, S2 = 229.64, R1 = 240.16, R2 = 243.09. An opening higher than PP tomorrow can be regarded as positive. If you want to calculate pivot points for stocks that you follow or for OSEBX you can do that with the Dukascopy pivot point calculator found here: http://www.stocktradersbulletin.com/documents/financialcalendar.html (lower part of page). Happy trading. SB
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Sunday, February 8, 2009
OSEBX ON THE MOVE SOON?
 On Friday 6th OSEBX closed at 233.44 up 3.9% from last trading day. High and low for the day was 233.47 and 224.72 giving us a daily range of 8.75. We see that today's close was at the 233 resistance level indicated in the chart, and we are now back where we were 7 trading days ago. On Monday we will see if the 233 level could be broken and if it does 236 is the next resistance level to look for. Further on the up-side we have 238, 245 and 254 to pay attention to. On the downside look for 229, 226, 223, 221 and 218. We are still waiting for the big push up or down as indicated from +DI and -DI. ADX are showing very low values indicating sideway movement for OSEBX. RSI is showing strengthening and give room for further rise for OSEBX but also the possibility of falling back to the rising support trendline. Combining the price chart and the RSI chart it seems that 233 is a very important level as last RSI high was more or less at today's levels which also correspond to the 233 level seen in the price chart. Monday's close will be very important to pay attention to. If the 233 level is broken this could lead to "the big push" that we are waiting for (see past published analysis for further information regarding this). Pivot points coincide to some degree with the levels we see in our price chart and an opening higher than 230 tomorrow would be positive. Happy trading! SB
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Wednesday, February 4, 2009
OSEBX 04.02.2008
 Today OSEBX was up 2.0% ending at 226.67. This is close to the 226 resistance level. It will be important to see how OSEBX opens tomorrow and see if OSEBX can rise further from the 226 level. Even so there are many indications that OSEBX will open lower tomorrow. The levels to look for on the upside are 229, 233 and 236 while on the downside 226, 223.74, 221.47 and 217/218. Like we have discussed a few times lately +DI and -DI are still "dancing" (see last post). From ADX we also see that OSEBX is moving more and more sideways. As OSEBX is moving sideways the RSI value could play an important role. RSI ended at 50.88 today so we can not say that the RSI value give us any additional information. It looks like the market is very uncertain and are taking a small break before the big push either up or down. RSI has entered the rising trend channel again which is positive. Today we have also added the pivot points to pay attention to for tomorrow. PP = 225.03, S1 = 222.55, S2 = 218.43, R1 = 229.15 and R2 = 231.62. Generally we can say that if OSEBX opens higher than PP we will have a positive sentiment throughout the day and vise versa. Happy trading SB
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Sunday, February 1, 2009
WHAT WILL THIS WEEK BRING FOR OSEBX?
 Overall this week OSEBX was up 1.5% but the last few days of this week was negative. After being as high as 233.38 intra week OSEBX ended at 225,84 down 0.3% from the day before. Today we have updated the support and resistance levels. If we look at the chart we clearly see how this week ended at the support level around 226. As we discussed in our last analysis we still see the "dancing" between +DI and -DI. Question is if we are going to see larger movement for OSEBX the coming week as a consequence of +DI and -DI (as suggested by theory). If we look further at RSI we also see that RSI is close to the rising support trendline. Will there be a reaction up from the rising trendline if RSI is falling to test the support level, or will the support level fail? Putting this information together it could mean that we can see OSEBX going to 233 or 217. This is only speculation but the levels to look out for the coming days are on the upside 228, 233 and 236 (254 if you are optimistic). On the downside pay attention to 225/226, 223, 220 and 217. If you can time these levels well the Bull and Bear derivatives listed at OSE can be great to trade. Happy trading! SB
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Tuesday, January 27, 2009
OSEBX MAJOR MOVEMENT ON ITS WAY?
 Today OSEBX ended at 228.63 down 0.4% from yesterday. Looking back we clearly see that the 217-216 level is strong and as late as the day before yesterday the support level was tested again. There was a reaction up and now we are facing the resistance level at 230. Intraday OSEBX was higher today but the upward force was not strong enough to make sure OSEBX ended above 230. For the days to come it seems like the 230- and 226- levels could play a major role. If OSEBX close above 230 235 will be the next level to look out for. On the downside if 226 fails 225 and 217 are the next levels to look out for. If we take a closer look at the ADX chart we see that -DI and DI are "dancing" around each other. Often this indicate that a larger movement for OSEBX is about to happen. From this we can not say if OSEBX will rise or fall, but if a major movement is happening soon 217, 235 and 254 are levels to look for. RSI is above 50 and some will say that this indicate a positive development. RSI is also showing rising bottoms which is positive. Happy trading SB
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Tuesday, January 20, 2009
DOWN AGAIN?
 It all looked so promising starting this year. Stock prices had started to rise again but then it all went back down again. Now it seems like the market is very uncertain of what will happen next. Today OSEBX ended at 220.24 down 1.41% from the day before. There is a strong support level at 217 and it is possible that this level will be tested the days ahead. If this level fails 215 and 208 is the next levels that we need to pay attention to. On the upside 226 needs to be broken first then there is a strong resistance level at 230. Notice levels 235 and 239 as resistance levels. SB
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Sunday, January 11, 2009
OSEBX THE WEEK AHEAD
 Last trading week showed movements from a high of 254.22 to a low of 231.44 and Friday ended with a fall of 0.5% to 237.52. So how do the next week look like for OSEBX and what support and resistance levels should we look out for? Friday ended at the 237 resistance level. As we can see from the price chart this level has played a significant role whole of last week. If this level is broken tomorrow 231.58 is the next natural support level with 226.2 below that. On the upside 243.54 is significant. This level was also important last week. If there is a breakout from this level 254 could be reached soon. RSI is relatively positive but we see falling tops which is negative. Happy trading. SB
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Wednesday, January 7, 2009
UPDATE ON OSEBX
 Today we give you the latest update for new support and resistance levels for OSEBX. As discussed in our last article OSEBX reacted down from the resistance level at 253, and today OSEBX ended at 236.55 down 5.8% from yesterday. The support level where OSEBX ended today is not that strong it seems and we could see OSEBX falling even further tomorrow. If the fall continues tomorrow look out for 226, 220 and 217 as support levels. Resistance level is still 253. From the chart below we also see small support and resistance levels at 243 and 231.  SB
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Monday, January 5, 2009
A NEW YEAR AND NEW POSSIBILITIES
 Happy new year fellow technical analysts! Last year was a terrible year when we look at the stock market. Can this year bring more of the same or will we experience a real bull year this year? There are many questions to be asked and to be answer so throughout the year we will do what we can to give the readers of stocktradersbulletin.com information about technical analysis in general but also give you updated analysis of stocks and the stock market. Today we take another look at our beloved OSEBX. Since mid-November OSEBX has risen quite steadily and today it ended at 243.25, up 1.7% from last trading day. As we all know OSEBX is very dependent on the oil-price and when the oil-price rises OSEBX usually rise too. So how do the chart look like at the moment. The index chart show that the resistance level at about 237 was broken today. This is regarded as very positive as the 237 level can now act more or less as a suppot level in the days to come. The next resistance level is about 253. This level is quite strong and it is possible that there can be a reaction down if OSEBX reaches this level in the days to come. This also coincide good with what we see in the RSI chart. RSI is relatively high now with a value of almost 61. RSI could reach 70 if OSEBX reaches 253 and with a more or less sideway movement for OSEBX this would indicate overbought. So for now it seems that OSEBX could move between 237 and 253. If 237 fails as a support level 226 is the next support level to look out for. On the other hand if the resistance level at 253 is broken 272 is the next major resistance level. Merry investments and happy trading SB
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Sunday, December 21, 2008
OSEBX 19.12.2008
On Friday OSEBX ended at 218,68, down
0.9% from the day before. Looking at the price chart we see that
OSEBX has trouble breaking out of the weakly falling trendline.
Combing the price chart with the RSI chart we see the same situation.
RSI is topping out at the rising trend line. The positive thing we
see in the RSI chart is that the newly formed trendchannel is rising.
If there is not a breakout from the resistance line seen in the price
chart it seems that OSEBX can fall to about 200 in the coming days
as both the RSI channel and the price support line in the charts
indicate. ADX is indicating a slowing down in the negative trend and
OSEBX is moving more into a sideway movement.
SB
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Monday, December 15, 2008
OSEBX AND MONTHLY BARS
Today we have taken a closer look at
the OSEBX index and to see if plotting monthly data bars give us any
valuable information compared to the more regular daily bar plots. In
addition to the regular price chart we also plot some support and
resistance levels that are relevant. The 179 support level seems to
hold for the time being. Last month OSEBX was down and tested the 179
level and by adding the information from RSI it seems that this level
is strong. RSI is slightly showing sign of oversold. The nice thing
about plotting the data like this is that you can get a good overview
of how the longer term market cycle is. We have heard so much talk about if this is the bottom or not that you are probably bored with it. Anyway from this chart all we can say is that RSI is clearly showing some flattening out at the 30 level that could indicate that the bottom is near. This is a positive signal but still no clear signal that the bottom is here already.
SB
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Monday, December 8, 2008
OSEBX 08.12.2008
 It has been a bumpy ride for OSEBX the last couple of months. We see big changes from day to day and today was no exception with a close at 209.80 up 10.3% from last trading day. This just verify that there are lots of uncertainty in the market for the time being. Taking a look at the charts we see that today's close was near but above the 208.5 resistance level. Combining this with the RSI chart we can see a (weak) breakout from the falling RSI resistance trend line. We would have to see tomorrow how this develops as the breakout is very weak so far. If the upward movement continue tomorrow 215.12 and 225.84 are the next resistance levels that we need to pay attention to. On the downside if RSI bounce back down again tomorrow the support levels to pay attention to is 203, 197 and 190. SB
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Friday, November 14, 2008
OSEBX 14.11.2008
 Today's low were down and tested the 219 level and with a close of 222.05 up 1.1% from yesterday that was a good indication that the 219 level is strong. Today the 230 resistance level was tested as well without any breaktout through that level. Looking at the RSI chart we see that there is still room for further fall before RSI will test the rising support line. If the 219 level fails OSEBX will find the next support level at about 211-212 as is also supported by the RSI trendline. To draw any big conclusions now is difficult but as the rising trendline seen for the RSI is still valid we can say that there is a positive sentiment for OSEBX at the moment. It will be important for the traders to pay attention to this RSI trendline. If the trendline fails it will be a strong negative signal that could indicate a further fall towards 204 and 184. SB
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Wednesday, November 12, 2008
NO LIGHT IN THE TUNNEL FOR OSEBX?
 OSEBX had another big fall today down 7.5% and closing at 220.39. If we look at the RSI chart we clearly see a negative trend with falling tops and today's close lower than last formed bottom. We see the same in the ADX chart where -DI is rising while +DI is falling. There is a support level at 219 and with a falling oil price and a falling US market it is likely that this support level will be tested again tomorrow. The last lowest bottom that formed about 2.5 weeks ago could be tested again soon but from the trendline in the RSI chart and looking at the price chart there seems to be a relatively good support level at about 211 that would have to be broken. To sum up, pay attention to the RSI chart. If RSI falls below the rising trendline it would be a very negative signal that could lead to a fall down to 184 (discussed in an earlier article here on stocktradersbulletin.com). SB
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Wednesday, November 5, 2008
DNO 05.11.2008
Weekly bars:  Daily bars:  DNO is a stock that is being followed closely by many, and the stock have had some positive days lately going from a low of 2.85 NOK 16th of October and closing at 5.51 today. We have taken a closer look at the support and resistance levels for the stock. The data plotted is weekly data. RSI and price shows a nice positive divergence (as we can see for many stocks these days) which we can see the positive result of the last weeks. Looking at this long term picture we also see how the fibonacci levels have acted as support and resistance levels. It seems that the levels to pay extra attention to is 4.02 (not that strong), 6.78, 8.72, 10.66 and 13.06. What we should look for the coming days is that the RSI tops and bottoms are higher than the previous ones. As of today the new top (daily bars) is higher than the last one so when there is a pullback RSI should not fall lower than about 33 (last bottom seen on daily bars chart) as this would be regarded as a negative signal. Looking back at end August the RSI topped at about 60 (seen on daily bars chart) before it fell later on. It seems that from RSI that the fall seen today could continue the coming days. But we will have to see how strong the RSI 60 level is. With a possible fall in stock price this could be a great opportunity to accumulate stocks (if RSI stays above last bottom at 33). SB
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Sunday, November 2, 2008
OSEBX 31.10.2008
 Except Monday the last week has been positive for the OSEBX index. This was no surprise as we could identify a positive divergence between price and RSI from the charts (this was discussed in our analysis of OSEBX last week). From last weeks movements we still see a positive development with higher bottoms and tops for RSI and higher tops and bottoms for DI+ while DI- is falling. Fridays close ended at a resistance level at 245 and it will be exciting to see if this resistance level could be broken on Monday. Today we have plotted some Fibonacci levels in our price chart just to see where possible resistance levels and support levels could fall this week. After 245, 257 is the next level where the index could face some resistance. If that level is broken too this could come to serve as a new support level the coming week. Other levels to notice at this stage is (if you are optimistic for the coming week) 289 and 315. For downside levels please see earlier discussions for OSEBX here on www.stocktradersbulletin.com.
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Sunday, October 26, 2008
POSITIVE OSEBX THE COMING WEEK?
 On Friday OSEBX took another big hit and closed at 221, down 9.2% from the day before. Today we have had a look at the day bars where we see some positive signals from the charts. Looking at the RSI- and price- chart there is formation of higher tops and bottoms at the same time as formation of lower tops and bottoms in the price chart. RSI fell along with OSEBX on Friday and what we want to see now is that a new RSI bottom is defined and that it will be higher than the last one. If this occurs there is a good chance that there will be a rise for OSEBX soon. On the other hand if this fails there is a support level at about 211. Both DI- and DI+ are showing positive development for the time being. Overall it do look a bit brighter but there could still be a fall down to 211 and also down to the 184 level talked about in an earlier article. SB
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Monday, October 20, 2008
KONGSBERG AUTOMOTIVE HOLDING
 The general market is still very volatile with high risk. We see days when the market is rising many percent and days when the market falls many percent and there seems to be no clear indications of how the market will continue. In today's market situation there are still some stocks that show some positive signals. KOA - Kongsberg Automotive Holding was one of the winners at the Oslo stock exchange today with a rise of 17%. The stock closed at 5.51 NOK. Taking a closer look at the weekly charts we see a positive divergence between RSI and price. The rise in price we have seen for the stock lately show what we expected from the divergence that developed earlier. The question now is if the rise will continue or come to an end? ADX show a positive developement with rising DI+ and falling DI-. What we would like to see now is that DI- keeps falling and forming lower bottoms and lower tops. If there is a fall the coming days it is important to notice if the RSI support level holds or not. Pay attention to RSI support line, ADX levels and volume.
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Thursday, October 9, 2008
COULD OSEBX FALL TO 184?
 Today we take another look at OSEBX. The financial markets around the world are almost collapsing. Looking at the weekly chart for OSEBX we see that the predicted 257 level is still holding and it seems that OSEBX could move between 308 and 257 for the time being. Saying that if the 257 support level would fail what is the next support level? There are minor levels to be found but the next strong support level seems to be at 184. So could OSEBX fall to 184? RSI is still showing falling tops and bottoms but with a value of 20 today it clairly say OVERSOLD. But as we have said before, when the stock market is falling rapidly we can not look too much at the RSI value it self indicating that OSEBX can still fall quite a bit. As of today there are no positive signals to be found that could indicate a positive turn for OSEBX. It has to be said that for OSEBX to fall down to 184 it is quite extreme but in todays market everything can happen. Maybe we should bring our parachute just in case. SB
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Monday, October 6, 2008
OSEBX TO 257? 07.10.2008
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Sunday, October 5, 2008
TECHNICAL ANALYSIS OF WAVEFIELD INSEIS
 Wavefield Inseis closed at 14.00 NOK on Friday. Like most of the stock market the stock has fallen quite a bit lately due to all the instability in the world economy. Also the stock has been taken a beating due to the failed fusion with TGS Nopec. The fall also comes even though the company released news about a new contract worth about 1 billion NOK this week. Taking a technical look at the stock we see that the fall has been quite substatial since mid August this year. Volume has been low except for the last two weeks when volume has risen. Combining the stock price chart with the RSI chart we see much the same fall from mid August, but RSI bottomed out at 18th of September and has for the time after that formed a rising trend. When we see a falling trend in price accompanied with a rising trend in RSI that is usually a good sign. The question now is if we can expect a rise in stock price for Wavefield soon. ADX is also very high now indicating a very strong negative trend in stock price. But looking at -DI we see that the tops are falling indicating a less negative developement. +DI have more or less also stabilised and could be rising. Putting this together it seems that the stock price could rise the coming days. But we need to remember what is going on in the financial market today and that could prevent the stock from rising the next days thougt it seems to look a bit brighter for Wavefield at the moment.
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Thursday, October 2, 2008
WELCOME
Stocktraders Bulletin is now up and running. Now in the beginning we will keep on doing testing to make sure that everyting works as we want.
We are happy to hear from you if you have any suggestions or comments to our page.
Stocktraders Bulletin
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