Stock Technical indicators to notice in Sona Topas Tourism Inds.Tbk (SONA.JK)
1- Last bearish trend was from 2,100.00 $ (4/25/2012) to 2,025.00 $ (4/26/2012) a 75.00 $ move 2- The current bullish trend started from 2,025.00 $ at 4/26/2012 and is currently trading at 2,850.00 $.
Sona Topas Tourism Inds.Tbk (SONA.JK) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 2,025.000 and 1,860.000, and is currently supporting at 2,272.500.
Sona Topas Tourism Inds.Tbk (SONA.JK) Mid term stock chart patterns for internet stock trading :
5- The Stock formed Double Bottom Pattern at 1,860.000 .
6- The Stock formed Double Top Pattern at 2,000.000 that failed, and formed a support .
Sona Topas Tourism Inds.Tbk (SONA.JK) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 825.000 $ height triangle which was broken up at 1,980.000, target of the pattern is 2,805.000.
Stock Trading Conclusion:
Sona Topas Tourism Inds.Tbk (SONA.JK) was trading in a strong bullish wave, which is becoming stronger .
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 : .
Stock Support levels : 2,655.30, 2,534.85, 2,437.50, 2,340.15, 2,272.50, 2,025.00, 2,000.00, 1,860.00,.
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