Stock Technical indicators to notice in PT TELE SGPS SP.ADR (PTC.SG)
1- Last bearish trend was from 4.11 $ (1/20/2012) to 3.57 $ (2/2/2012) a 0.54 $ move 2- The current bullish trend started from 3.57 $ at 2/2/2012 and is currently trading at 3.88 $.
4- PTC.SG current resistance level is at 3.90 which is the 61.80 % fibonacci retracement of the last 0.54 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
PT TELE SGPS SP.ADR (PTC.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4.110 and 4.380, and is currently resisting at 3.885.
PT TELE SGPS SP.ADR (PTC.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 3.570 and 4.190,resistance between 4.770 and 5.060, the stock channel is currently supported from below by 3.557 and resisted from above by 4.144.
PT TELE SGPS SP.ADR (PTC.SG) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 4.190 and 4.860,resistance between 4.770 and 5.420, the stock channel is currently supported from below by 3.252 and resisted from above by 4.120.
Stock Trading Conclusion:
PT TELE SGPS SP.ADR (PTC.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 3.89, 3.90, 4.11, 4.26, 4.44.
Stock Support levels : 3.84, 3.81, 3.78, 3.76, 3.72, 3.70, 3.69, 3.57,.
