Stock Technical indicators to notice in PT TELECOM SP ADR-B (PTI.F)
1- Last bearish trend was from 24.10 $ (3/5/2012) to 21.99 $ (3/20/2012) a 2.11 $ move 2- The current bullish trend started from 21.99 $ at 3/20/2012 and is currently trading at 27.07 $.
PT TELECOM SP ADR-B (PTI.F) Short term stock chart patterns for internet stock trading :
None.
PT TELECOM SP ADR-B (PTI.F) Mid term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 24.100 and 24.640 that was broken up at 24.340 transforming into a supporting line.
PT TELECOM SP ADR-B (PTI.F) Long term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 25.200 and 25.800 that was broken up at 23.700 transforming into a supporting line.
Stock Trading Conclusion:
PT TELECOM SP ADR-B (PTI.F) 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 : .
Stock Support levels : 25.87, 25.13, 24.53, 23.93, 23.80, 21.99,.
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