Today we will analyze the stock PPG INDUSTRIES (PPQ.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in PPG INDUSTRIES (PPQ.MU)
1- Last bearish trend was from 73.23 $ (4/5/2012) to 70.32 $ (4/11/2012) a 2.91 $ move 2- The current bullish trend started from 70.32 $ at 4/11/2012 and is currently trading at 80.71 $.
3- 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.
PPG INDUSTRIES (PPQ.MU) Short term stock chart patterns for internet stock trading :

4- The Stock traded in a bullish stock channel identifed by support at 70.320 and 67.350,resistance between 73.230 and 69.540 which was broken up at 74.080.
PPG INDUSTRIES (PPQ.MU) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bullish stock channel identifed by support at 59.680 and 51.300,resistance between 64.480 and 57.130 which was broken down at 80.710.
PPG INDUSTRIES (PPQ.MU) Long term stock chart patterns for internet stock trading :

6- The Stock formed a 16.960 $ height triangle which was broken up at 55.830, target of the pattern is 72.790.

Stock Trading Conclusion:
PPG INDUSTRIES (PPQ.MU) 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 : 81.01.
Stock Support levels : 78.26, 76.74, 75.51, 74.50, 74.29, 70.32,.