Stock Technical indicators to notice in PTT -F- (PTOF.SG)
1- Last bearish trend was from 8.67 $ (4/2/2012) to 8.29 $ (4/10/2012) a 0.38 $ move 2- The current bullish trend started from 8.29 $ at 4/10/2012 and is currently trading at 8.77 $.
4- PTOF.SG current resistance level is at 8.77 which is the 127.20 % fibonacci retracement of the last 0.38 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PTT -F- (PTOF.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 8.670 that failed, and formed a support .
PTT -F- (PTOF.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 6.750 and 6.500 that was broken down at 7.610 transforming into a resistance line.
PTT -F- (PTOF.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 7.700 and 8.200 that was broken up at 7.100 transforming into a supporting line.
Stock Trading Conclusion:
PTT -F- (PTOF.SG) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 8.77, 8.90, 11.32.
Stock Support levels : 8.67, 8.66, 8.59, 8.53, 8.52, 8.48, 8.47, 8.44, 8.44, 8.38, 8.29,.
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