Today we will analyze the stock Unitex Tbk. (UNTX.JK) for internet stock trading in the JK stock market,
Stock Technical indicators to notice in Unitex Tbk. (UNTX.JK)
1- Last bullish trend was from 2,800.00 $ (9/8/2011) to 4,600.00 $ (9/16/2011) a 1,800.00 $ move 2- The current bearish trend started from 4,600.00 $ at 9/16/2011 and is currently trading at 2,775.00 $.
3- UNTX.JK current support level is at 2,310.40 which is the 127.20 % fibonacci retracement of the last 1,800.00 $ move.
4- UNTX.JK current resistance level is at 2,800.00 which is the 100.00 % fibonacci retracement of the last 1,800.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Unitex Tbk. (UNTX.JK) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 4,600.000 .
Unitex Tbk. (UNTX.JK) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 4,600.000 .
Unitex Tbk. (UNTX.JK) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 4,600.000 .

Stock Trading Conclusion:
Unitex Tbk. (UNTX.JK) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 2,800.00, 3,205.70, 3,472.15, 3,487.60, 3,687.50, 3,700.00, 3,902.85, 3,912.40, 4,175.20, 4,600.00,.
Stock Support levels : 2,310.40,.