Stock Technical indicators to notice in Sat Nusapersada Tbk (PTSN.JK)
1- Last bullish trend was from 80.00 $ (1/25/2012) to 91.00 $ (1/31/2012) a 11.00 $ move 2- The current bearish trend started from 91.00 $ at 1/31/2012 and is currently trading at 87.00 $.
4- PTSN.JK current resistance level is at 88.40 which is the 23.60 % fibonacci retracement of the last 11.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Sat Nusapersada Tbk (PTSN.JK) Short term stock chart patterns for internet stock trading :
None.
Sat Nusapersada Tbk (PTSN.JK) Mid term stock chart patterns for internet stock trading :
6- The Stock formed a 11.000 $ height triangle which was broken up at 87.000, target of the pattern is 98.000.
Sat Nusapersada Tbk (PTSN.JK) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 11.000 $ height triangle which was broken up at 87.000, target of the pattern is 98.000.
Stock Trading Conclusion:
Sat Nusapersada Tbk (PTSN.JK) was trading in a strong 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 : 87.94, 88.40, 88.53, 89.00, 89.47, 91.00, 98.00,.
Stock Support levels : 86.80, 86.44, 85.50, 84.20, 80.00, 77.01,.
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