Ms 2.8 Mrk Participation Sec Linked To Dj High (AMEX: PPY) (AMEX:PPY) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Ms 2.8 Mrk Participation Sec Linked To Dj High (PPY) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Ms 2.8 Mrk Participation Sec Linked To Dj High (PPY)
1- Last bearish trend was from 29.20 $ (11/27/2009) to 27.30 $ (12/11/2009) a 1.90 $ move 2- The current bullish trend started from 27.30 $ at 12/11/2009 and is currently trading at 29.04 $. 3- PPY current support level is at 28.47 which is the 61.80 % fibonacci retracement of the last 1.90 $ move.
4- PPY current resistance level is at 29.20 which is the 100.00 % fibonacci retracement of the last 1.90 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
Ms 2.8 Mrk Participation Sec Linked To Dj High (PPY) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 29.200 and 30.000 that was broken up at 27.780 transforming into a supporting line.
Ms 2.8 Mrk Participation Sec Linked To Dj High (PPY) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 30.000 and 32.000 that was broken up at 29.200 transforming into a supporting line.
Ms 2.8 Mrk Participation Sec Linked To Dj High (PPY) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
Ms 2.8 Mrk Participation Sec Linked To Dj High (PPY) 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 : 29.20, 29.72, 30.37.
Stock Support levels : 28.63, 28.47, 28.38, 28.25, 28.17, 28.03, 27.96, 27.75, 27.30, 24.11,.