Stock Technical indicators to notice in Multi Indocitra Tbk (MICE.JK)
1- Last bearish trend was from 460.00 $ (4/13/2012) to 445.00 $ (4/17/2012) a 15.00 $ move 2- The current bullish trend started from 445.00 $ at 4/17/2012 and is currently trading at 450.00 $.
4- MICE.JK current resistance level is at 450.73 which is the 38.20 % fibonacci retracement of the last 15.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Multi Indocitra Tbk (MICE.JK) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 445.000 and 425.000 that was broken down at 455.000 transforming into a resistance line.
Multi Indocitra Tbk (MICE.JK) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 415.000 and 345.000 that was broken down at 455.000 transforming into a resistance line.
Multi Indocitra Tbk (MICE.JK) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 415.000 and 345.000 that was broken down at 455.000 transforming into a resistance line.
Stock Trading Conclusion:
Multi Indocitra Tbk (MICE.JK) was trading in a strong bullish wave, which is becoming weaker .
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 : 450.73, 452.50, 454.27, 460.00, 464.08, 469.27, 471.98, 488.33.
Stock Support levels : 448.82, 448.54, 448.09, 447.50, 446.91, 445.00,.
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