Stock Technical indicators to notice in Private Trading Systems Inc. (PVTM.PK)
1- Last bearish trend was from 0.49 $ (5/22/2007) to 0.25 $ (5/25/2007) a 0.24 $ move 2- The current bullish trend started from 0.25 $ at 5/25/2007 and is currently trading at 0.50 $.
4- PVTM.PK current resistance level is at 0.56 which is the 127.20 % fibonacci retracement of the last 0.24 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Private Trading Systems Inc. (PVTM.PK) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.560 that was broken up at 0.500 transforming into a supporting line.
Private Trading Systems Inc. (PVTM.PK) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.560 that was broken up at 0.500 transforming into a supporting line.
Private Trading Systems Inc. (PVTM.PK) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.490 and 0.560 that was broken up at 0.500 transforming into a supporting line.
Stock Trading Conclusion:
Private Trading Systems Inc. (PVTM.PK) was trading in a strong bearish wave, which is becoming weaker .
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 : 0.555, 0.638.
Stock Support levels : 0.490, 0.443, 0.441, 0.405, 0.398, 0.375, 0.370, 0.345, 0.342, 0.307, 0.250,.
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