Wires

MIDCAP-Indonesia Timah Persero techncials suggest downside

* For a technical chart:

Shares of Indonesian miner Timah Persero , whichare down more than 1 percent on Wednesday, could fall further,technical charts suggest.

The stock has cut below the 20-day simple moving average,which is a negative sign.

MACD is bearish as it is trading below the signal line.

The stock also faces strong resistance at its 200-day simplemoving average.

RSI at its 14-day low is bearish.

The stock is up more than 20 percent over the past month,while the broader index is up 3.3 percent in the sameperiod.

(Reporting by Patturaja Murugaboopathy; Editing by Sunil Nair)

((patturaja.murugaboopathy@thomsonreuters.com))

Keywords: MIDCAP TIMAH/