Stock Technical indicators to notice in PROGRESSIVE (OHIO) (PGV.DE)
1- Last bullish trend was from 11.80 $ (6/4/2010) to 20.42 $ (8/19/2010) a 8.62 $ move 2- The current bearish trend started from 20.42 $ at 8/19/2010 and is currently trading at 14.40 $.
4- PGV.DE current resistance level is at 15.09 which is the 61.80 % fibonacci retracement of the last 8.62 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
PROGRESSIVE (OHIO) (PGV.DE) Short term stock chart patterns for internet stock trading :
PROGRESSIVE (OHIO) (PGV.DE) Mid term stock chart patterns for internet stock trading :
PROGRESSIVE (OHIO) (PGV.DE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
PROGRESSIVE (OHIO) (PGV.DE) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 15.09, 15.82, 16.11, 16.70, 17.13, 17.41, 18.12, 18.39, 20.42,.
Stock Support levels : 11.80, 9.46,.