Stock Technical indicators to notice in PT TELECOM SGPS N (PTCA.SG)
1- Last bearish trend was from 4.92 $ (12/6/2011) to 3.77 $ (1/31/2012) a 1.15 $ move 2- The current bullish trend started from 3.77 $ at 1/31/2012 and is currently trading at 3.98 $.
4- PTCA.SG current resistance level is at 4.04 which is the 23.60 % fibonacci retracement of the last 1.15 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
PT TELECOM SGPS N (PTCA.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 4.920 and 5.180, and is currently resisting at 4.457.
PT TELECOM SGPS N (PTCA.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 4.920 and 5.460, and is currently resisting at 4.380.
PT TELECOM SGPS N (PTCA.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 4.920 and 8.780 that was broken up at 3.980 transforming into a supporting line.
Stock Trading Conclusion:
PT TELECOM SGPS N (PTCA.SG) was trading in a strong bearish 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 : 4.04, 4.21, 4.35, 4.38, 4.46, 4.48, 4.92, 5.23, 5.63.
Stock Support levels : 3.93, 3.90, 3.88, 3.85, 3.82, 3.77,.
