Stock Technical indicators to notice in PARAMOUNT GOLD MINNG (PGDP.OB)
1- Last bearish trend was from 3.30 $ (1/26/2011) to 3.17 $ (1/27/2011) a 0.13 $ move 2- The current bullish trend started from 3.17 $ at 1/27/2011 and is currently trading at 3.39 $.
PARAMOUNT GOLD MINNG (PGDP.OB) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.850 $ height triangle which was broken up at 3.390 in higher than usual volume, target of the pattern is 4.240.
PARAMOUNT GOLD MINNG (PGDP.OB) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 3.090 and 1.550, and is currently supporting at 3.234.
PARAMOUNT GOLD MINNG (PGDP.OB) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.090 and 1.550, and is currently supporting at 3.234.
Stock Trading Conclusion:
PARAMOUNT GOLD MINNG (PGDP.OB) was trading in a strong bullish wave, which is becoming weaker .
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 : 3.94, 4.24.
Stock Support levels : 3.34, 3.31, 3.28, 3.25, 3.23, 3.17,.
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