Stock Technical indicators to notice in Mas Murni Indonesia Tbk (MAMI.JK)
1- Last bullish trend was from 50.00 $ (4/23/2012) to 56.00 $ (4/26/2012) a 6.00 $ move 2- The current bearish trend started from 56.00 $ at 4/26/2012 and is currently trading at 51.00 $.
4- MAMI.JK current resistance level is at 52.29 which is the 61.80 % fibonacci retracement of the last 6.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Mas Murni Indonesia Tbk (MAMI.JK) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 56.000 .
Mas Murni Indonesia Tbk (MAMI.JK) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 50.000 .
8- The Stock formed a 9.000 $ height triangle.
Mas Murni Indonesia Tbk (MAMI.JK) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 50.000 .
Stock Trading Conclusion:
Mas Murni Indonesia Tbk (MAMI.JK) was trading in a strong bullish wave, which is becoming weaker .
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 : 52.18, 52.29, 52.91, 53.00, 53.50, 53.71, 54.09, 54.58, 56.00,.
Stock Support levels : 50.00, 48.37,.
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