Stock Technical indicators to notice in Millennium Pharmacon Int. Tbk (SDPC.JK)
1- Last bullish trend was from 67.00 $ (1/11/2012) to 73.00 $ (1/25/2012) a 6.00 $ move 2- The current bearish trend started from 73.00 $ at 1/25/2012 and is currently trading at 70.00 $.
4- SDPC.JK current resistance level is at 70.00 which is the 50.00 % fibonacci retracement of the last 6.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
Millennium Pharmacon Int. Tbk (SDPC.JK) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 67.000 .
Millennium Pharmacon Int. Tbk (SDPC.JK) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 67.000 and 62.000 that was broken down at 69.000 transforming into a resistance line.
Millennium Pharmacon Int. Tbk (SDPC.JK) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 62.000 and 55.000 that was broken down at 71.000 transforming into a resistance line.
Stock Trading Conclusion:
Millennium Pharmacon Int. Tbk (SDPC.JK) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 70.71, 71.15, 71.50, 71.58, 71.85, 72.75, 73.00, 77.84.
Stock Support levels : 69.29, 67.00, 65.37,.
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