Today we will analyze the stock Pioneerindo Gourmet Int l Tbk (PTSP.JK) for internet stock trading in the JK stock market,
Stock Technical indicators to notice in Pioneerindo Gourmet Int l Tbk (PTSP.JK)
1- Last bearish trend was from 700.00 $ (1/27/2012) to 630.00 $ (2/1/2012) a 70.00 $ move 2- The current bullish trend started from 630.00 $ at 2/1/2012 and is currently trading at 660.00 $.
3- PTSP.JK current support level is at 656.74 which is the 38.20 % fibonacci retracement of the last 70.00 $ move.
4- PTSP.JK current resistance level is at 665.00 which is the 50.00 % fibonacci retracement of the last 70.00 $ move.
5- According to ADX Indicator, the trend is currently 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.
Pioneerindo Gourmet Int l Tbk (PTSP.JK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 630.000 .
7- The Stock formed a 90.000 $ height triangle.
Pioneerindo Gourmet Int l Tbk (PTSP.JK) Mid term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 700.000 and 720.000, and is currently resisting at 692.727.
Pioneerindo Gourmet Int l Tbk (PTSP.JK) Long term stock chart patterns for internet stock trading :

9- The Stock formed a 140.000 $ height triangle which was broken down at 650.000, target of the pattern is 510.000.

Stock Trading Conclusion:
Pioneerindo Gourmet Int l Tbk (PTSP.JK) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 665.00, 673.26, 673.33, 692.73, 700.00, 719.04, 743.26.
Stock Support levels : 656.74, 652.92, 648.54, 646.52, 645.00, 641.46, 630.00,.