Stock Technical indicators to notice in PT TELECOM SP ADR-B (PTI.MU)
1- Last bearish trend was from 23.89 $ (3/5/2012) to 22.26 $ (3/19/2012) a 1.63 $ move 2- The current bullish trend started from 22.26 $ at 3/19/2012 and is currently trading at 27.27 $.
PT TELECOM SP ADR-B (PTI.MU) Short term stock chart patterns for internet stock trading :
None.
PT TELECOM SP ADR-B (PTI.MU) Mid term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 24.650 and 25.200 that was broken up at 22.700 transforming into a supporting line.
PT TELECOM SP ADR-B (PTI.MU) Long term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 25.200 and 25.830 that was broken up at 23.680 transforming into a supporting line.
Stock Trading Conclusion:
PT TELECOM SP ADR-B (PTI.MU) 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 : 26.09, 25.36, 24.76, 24.17, 22.26, 21.64,.