Stock Technical indicators to notice in Multipolar Tbk (MLPL.JK)
1- Last bearish trend was from 128.00 $ (4/25/2012) to 119.00 $ (5/2/2012) a 9.00 $ move 2- The current bullish trend started from 119.00 $ at 5/2/2012 and is currently trading at 146.00 $.
Multipolar Tbk (MLPL.JK) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 27.000 $ height triangle which was broken up at 126.000 in higher than usual volume, target of the pattern is 153.000.
Multipolar Tbk (MLPL.JK) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 27.000 $ height triangle which was broken up at 126.000 in higher than usual volume, target of the pattern is 153.000.
Multipolar Tbk (MLPL.JK) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
Multipolar Tbk (MLPL.JK) was trading in a bullish wave, which is becoming weaker .
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 : 153.00,.
Stock Support levels : 139.63, 135.69, 132.50, 129.31, 123.33,.
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