Stock Technical indicators to notice in Bank Himpunan Saudara 1906 Tbk (SDRA.JK)
1- Last bearish trend was from 415.00 $ (4/3/2012) to 385.00 $ (4/12/2012) a 30.00 $ move 2- The current bullish trend started from 385.00 $ at 4/12/2012 and is currently trading at 405.00 $.
4- SDRA.JK current resistance level is at 415.00 which is the 100.00 % fibonacci retracement of the last 30.00 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
6- Bearish Divergance in MACD Indicator .
Bank Himpunan Saudara 1906 Tbk (SDRA.JK) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 415.000 and 435.000 that was broken up at 395.000 transforming into a supporting line.
Bank Himpunan Saudara 1906 Tbk (SDRA.JK) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 385.000 and 335.000 that was broken down at 405.000 transforming into a resistance line.
Bank Himpunan Saudara 1906 Tbk (SDRA.JK) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bullish stock channel identifed by support at 325.000 and 176.000,resistance between 435.000 and 375.000 which was broken down at 405.000.
Stock Trading Conclusion:
Bank Himpunan Saudara 1906 Tbk (SDRA.JK) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 410.81, 415.00, 417.32, 423.16, 433.54.
Stock Support levels : 403.54, 400.28, 400.00, 397.36, 396.46, 395.00, 392.64, 392.08, 385.00,.
Related Stocks
| Sampoerna Agro Tbk |
| Hotel Sahid Jaya Tbk |
| Sekawan Intipratama Tbk |
| Suryainti Permata Tbk |
| Siwani Makmur Tbk |