Today we will analyze the stock Metrodata Electronics Tbk (MTDL.JK) for internet stock trading in the JK stock market,
Stock Technical indicators to notice in Metrodata Electronics Tbk (MTDL.JK)
1- Last bullish trend was from 116.00 $ (1/13/2012) to 122.00 $ (1/24/2012) a 6.00 $ move 2- The current bearish trend started from 122.00 $ at 1/24/2012 and is currently trading at 120.00 $.
3- MTDL.JK current support level is at 119.71 which is the 38.20 % fibonacci retracement of the last 6.00 $ move.
4- MTDL.JK current resistance level is at 120.58 which is the 23.60 % fibonacci retracement of the last 6.00 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Metrodata Electronics Tbk (MTDL.JK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 116.000 .
Metrodata Electronics Tbk (MTDL.JK) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 128.000 and 130.000, and is currently resisting at 123.533.
Metrodata Electronics Tbk (MTDL.JK) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 128.000 and 130.000, and is currently resisting at 123.533.

Stock Trading Conclusion:
Metrodata Electronics Tbk (MTDL.JK) was trading in a bullish wave, which is becoming stronger .
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 : 120.47, 120.58, 120.76, 121.00, 121.24, 122.00, 123.53,.
Stock Support levels : 119.71, 119.00, 118.29, 116.00, 114.37,.