Today we will analyze the stock Langgeng Makmur Plastic I Tbk (LMPI.JK) for internet stock trading in the JK stock market,
Stock Technical indicators to notice in Langgeng Makmur Plastic I Tbk (LMPI.JK)
1- Last bearish trend was from 275.00 $ (4/12/2012) to 265.00 $ (4/23/2012) a 10.00 $ move 2- The current bullish trend started from 265.00 $ at 4/23/2012 and is currently trading at 270.00 $.
3- LMPI.JK current support level is at 270.00 which is the 50.00 % fibonacci retracement of the last 10.00 $ move.
4- LMPI.JK current resistance level is at 271.18 which is the 61.80 % fibonacci retracement of the last 10.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
Langgeng Makmur Plastic I Tbk (LMPI.JK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 265.000 .
7- The Stock formed a 45.000 $ height triangle which was broken up at 270.000 in higher than usual volume, target of the pattern is 315.000.
Langgeng Makmur Plastic I Tbk (LMPI.JK) Mid term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 245.000 and 205.000,resistance between 310.000 and 275.000 which was broken down at 270.000.
Langgeng Makmur Plastic I Tbk (LMPI.JK) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 245.000 and 200.000, and is currently supporting at 266.250.

Stock Trading Conclusion:
Langgeng Makmur Plastic I Tbk (LMPI.JK) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 271.18, 275.00, 277.72, 281.18, 292.00, 315.00.
Stock Support levels : 268.82, 268.09, 267.50, 267.36, 266.91, 266.25, 265.00, 245.00,.