Stock Technical indicators to notice in PACTIV (PTJ.F)
1- Last bearish trend was from 25.26 $ (8/17/2010) to 22.84 $ (11/5/2010) a 2.42 $ move 2- The current bullish trend started from 22.84 $ at 11/5/2010 and is currently trading at 24.26 $.
4- PTJ.F current resistance level is at 24.34 which is the 61.80 % fibonacci retracement of the last 2.42 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PACTIV (PTJ.F) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 22.840 and 22.240, and is currently supporting at 22.912.
PACTIV (PTJ.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 22.840 and 21.580, and is currently supporting at 22.969.
PACTIV (PTJ.F) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 21.580 and 15.060 that was broken down at 23.410 transforming into a resistance line.
Stock Trading Conclusion:
PACTIV (PTJ.F) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 24.34, 24.84, 25.26, 25.92, 26.76.
Stock Support levels : 24.05, 23.92, 23.76, 23.72, 23.55, 23.41, 23.38, 22.97, 22.91, 22.84,.
