Stock Technical indicators to notice in Perdana Bangun Pusaka Tbk (KONI.JK)
1- Last bearish trend was from 370.00 $ (4/30/2012) to 305.00 $ (5/1/2012) a 65.00 $ move 2- The current bullish trend started from 305.00 $ at 5/1/2012 and is currently trading at 370.00 $.
4- KONI.JK current resistance level is at 387.68 which is the 127.20 % fibonacci retracement of the last 65.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Perdana Bangun Pusaka Tbk (KONI.JK) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 90.000 $ height triangle which was broken up at 370.000, target of the pattern is 460.000.
Perdana Bangun Pusaka Tbk (KONI.JK) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 90.000 $ height triangle which was broken up at 370.000, target of the pattern is 460.000.
Perdana Bangun Pusaka Tbk (KONI.JK) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 90.000 $ height triangle which was broken up at 370.000, target of the pattern is 460.000.
Stock Trading Conclusion:
Perdana Bangun Pusaka Tbk (KONI.JK) was trading in a bearish 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 : 375.00, 387.68, 410.17, 460.00,.
Stock Support levels : 366.67, 354.66, 345.17, 345.17, 337.50, 329.83, 329.83, 320.34, 305.00,.
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