Today we will analyze the stock Bayan Resources Tbk (BYAN.JK) for internet stock trading in the JK stock market,
Stock Technical indicators to notice in Bayan Resources Tbk (BYAN.JK)
1- Last bullish trend was from 15,800.00 $ (4/23/2012) to 16,400.00 $ (4/26/2012) a 600.00 $ move 2- The current bearish trend started from 16,400.00 $ at 4/26/2012 and is currently trading at 15,850.00 $.
3- BYAN.JK current support level is at 15,800.00 which is the 100.00 % fibonacci retracement of the last 600.00 $ move.
4- BYAN.JK current resistance level is at 16,029.20 which is the 61.80 % fibonacci retracement of the last 600.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Bayan Resources Tbk (BYAN.JK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 16,400.000 and 18,100.000, and is currently resisting at 16,131.579.
Bayan Resources Tbk (BYAN.JK) Mid term stock chart patterns for internet stock trading :

None.
Bayan Resources Tbk (BYAN.JK) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bullish stock channel identifed by support at 16,750.000 and 11,700.000,resistance between 24,100.000 and 18,600.000 which was broken down at 23,150.000 in higher than usual volume.

Stock Trading Conclusion:
Bayan Resources Tbk (BYAN.JK) was trading in a strong bearish wave, which is becoming weaker .
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 : 15,979.80, 16,029.20, 16,060.10, 16,100.00, 16,125.00, 16,131.58, 16,170.80, 16,189.90, 16,258.40, 16,400.00, 35,182.50.
Stock Support levels : 15,800.00, 15,636.80,.