Today we will analyze the stock New Century Development Tbk (PTRA.JK) for internet stock trading in the JK stock market,
Stock Technical indicators to notice in New Century Development Tbk (PTRA.JK)
1- Last bullish trend was from 50.00 $ (8/26/2008) to 54.00 $ (8/27/2008) a 4.00 $ move 2- The current bearish trend started from 54.00 $ at 8/27/2008 and is currently trading at 50.00 $.
3- PTRA.JK current support level is at 48.91 which is the 127.20 % fibonacci retracement of the last 4.00 $ move.
4- PTRA.JK current resistance level is at 50.00 which is the 100.00 % fibonacci retracement of the last 4.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
New Century Development Tbk (PTRA.JK) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 54.000 and 57.000 that was broken up at 50.000 transforming into a supporting line.
New Century Development Tbk (PTRA.JK) Mid term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 50.000 and 77.000,resistance between 54.000 and 82.000 which was broken up at 50.000.
New Century Development Tbk (PTRA.JK) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 56.000 and 54.000 that was broken down at 60.000 transforming into a resistance line.

Stock Trading Conclusion:
New Century Development Tbk (PTRA.JK) was trading in a 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 : 50.94, 51.53, 52.00, 52.47, 53.06, 54.00, 113.71.
Stock Support levels : 48.91, 47.53, 9.95,.