Stock Technical indicators to notice in PPG INDUSTRIES (PPQ.F)
1- Last bearish trend was from 74.50 $ (4/5/2012) to 71.02 $ (4/11/2012) a 3.48 $ move 2- The current bullish trend started from 71.02 $ at 4/11/2012 and is currently trading at 80.28 $.
PPG INDUSTRIES (PPQ.F) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 71.020 and 67.180, and is currently supporting at 72.229.
PPG INDUSTRIES (PPQ.F) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bullish stock channel identifed by support at 59.380 and 51.330,resistance between 64.170 and 55.160 which was broken down at 67.740.
PPG INDUSTRIES (PPQ.F) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 17.110 $ height triangle which was broken up at 55.580, target of the pattern is 72.690.
Stock Trading Conclusion:
PPG INDUSTRIES (PPQ.F) 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 : 83.97.
Stock Support levels : 78.09, 76.74, 75.65, 74.56, 72.23, 71.02,.
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