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
