Today we will analyze the stock Merck Tbk (MERK.JK) for internet stock trading in the JK stock market,
Stock Technical indicators to notice in Merck Tbk (MERK.JK)
1- Last bullish trend was from 120,050.00 $ (3/20/2012) to 150,000.00 $ (5/2/2012) a 29,950.00 $ move 2- The current bearish trend started from 150,000.00 $ at 5/2/2012 and is currently trading at 145,000.00 $.
3- MERK.JK current support level is at 142,931.80 which is the 23.60 % fibonacci retracement of the last 29,950.00 $ move.
4- MERK.JK current resistance level is at 150,000.00 which is the 0.00 % fibonacci retracement of the last 29,950.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Merck Tbk (MERK.JK) Short term stock chart patterns for internet stock trading :

None.
Merck Tbk (MERK.JK) Mid term stock chart patterns for internet stock trading :

None.
Merck Tbk (MERK.JK) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Merck Tbk (MERK.JK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 146,180.00, 146,910.00, 147,500.00, 148,090.00, 150,000.00,.
Stock Support levels : 142,931.80, 138,559.09, 135,025.00, 131,490.91, 120,050.00, 111,903.60,.