Stock Technical indicators to notice in Ciputra Property Tbk (CTRP.JK)
1- Last bullish trend was from 750.00 $ (4/27/2012) to 800.00 $ (5/2/2012) a 50.00 $ move 2- The current bearish trend started from 800.00 $ at 5/2/2012 and is currently trading at 760.00 $.
4- CTRP.JK current resistance level is at 769.10 which is the 61.80 % fibonacci retracement of the last 50.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Ciputra Property Tbk (CTRP.JK) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 750.000 and 690.000 that was broken down at 760.000 transforming into a resistance line.
Ciputra Property Tbk (CTRP.JK) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 690.000 and 560.000, and is currently supporting at 742.553.
Ciputra Property Tbk (CTRP.JK) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 390.000 and 345.000, and is currently supporting at 440.414.
Stock Trading Conclusion:
Ciputra Property Tbk (CTRP.JK) was trading in a strong bullish wave, which is becoming stronger .
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 : 769.10, 769.44, 771.43, 775.00, 775.28, 780.00, 780.90, 784.72, 788.20, 800.00,.
Stock Support levels : 750.00, 742.55, 736.40, 719.10, 690.00,.
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