Stock Technical indicators to notice in PROCTER and GAMBLE (PRG.F)
1- Last bullish trend was from 45.51 $ (11/21/2011) to 52.37 $ (1/9/2012) a 6.86 $ move 2- The current bearish trend started from 52.37 $ at 1/9/2012 and is currently trading at 48.26 $.
4- PRG.F current resistance level is at 48.94 which is the 50.00 % fibonacci retracement of the last 6.86 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
PROCTER and GAMBLE (PRG.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 45.510 .
PROCTER and GAMBLE (PRG.F) Mid term stock chart patterns for internet stock trading :
None.
PROCTER and GAMBLE (PRG.F) Long term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 41.470 and 43.630,resistance between 47.690 and 51.750 which was broken up at 46.130.
Stock Trading Conclusion:
PROCTER and GAMBLE (PRG.F) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 48.94, 49.23, 49.75, 49.83, 50.31, 50.75, 50.80, 52.37,.
Stock Support levels : 48.13, 45.51, 45.46, 45.44, 45.42, 43.64, 42.62,.