Stock Technical indicators to notice in Pabrik Kertas Tjiwi Kimia Tbk (TKIM.JK)
1- Last bullish trend was from 2,100.00 $ (12/28/2011) to 2,200.00 $ (1/6/2012) a 100.00 $ move 2- The current bearish trend started from 2,200.00 $ at 1/6/2012 and is currently trading at 2,150.00 $.
4- TKIM.JK current resistance level is at 2,150.00 which is the 50.00 % fibonacci retracement of the last 100.00 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Pabrik Kertas Tjiwi Kimia Tbk (TKIM.JK) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2,200.000 and 2,275.000 that was broken up at 2,150.000 transforming into a supporting line.
Pabrik Kertas Tjiwi Kimia Tbk (TKIM.JK) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 430.000 $ height triangle which was broken down at 2,175.000, target of the pattern is 1,745.000.
Pabrik Kertas Tjiwi Kimia Tbk (TKIM.JK) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2,350.000 and 2,600.000 that was broken up at 2,150.000 transforming into a supporting line.
Stock Trading Conclusion:
Pabrik Kertas Tjiwi Kimia Tbk (TKIM.JK) was trading in a 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 : 2,161.80, 2,169.10, 2,175.00, 2,176.40, 2,180.90, 2,200.00, 2,298.46.
Stock Support levels : 2,138.20, 2,133.33, 2,103.57, 2,100.00, 2,072.80, 2,038.20,.
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