Today we'll analyze the Stock pch for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 38.41$ (02/08/08) to 41.34$ (02/22/08) a 2.93$ move
2- The current bearish trend started from 41.34$ at 02/22/08 and is currently trading at 40.43$.
3- The stock current support level is at 40.22 which is the 38.20% fibonacci retracement of the last 2.93$ move.
4- The stock current resistance level is at 40.65 which is the 23.60% fibonacci retracement of the last 2.93$ move.
5- The Stock formed a 5.26$ height triangle which was broken up at 40.52 in higher than usual volume, target of the pattern is 45.78.
6- According to ADX, the trend is currently bullish,which is becoming weaker.
Conclusion:
pch is currently trading a bullish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: 40.64, 40.65, 40.78, 40.89, 40.99, 41.34, 41.34, 45.12, 45.78, 46.51.
Support Levels: 40.22, 39.88, 39.53, 38.67, 38.41, 37.61, 36.60,.
We Moved!!
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Shadi
Tuesday, March 18, 2008
Potlatch Corporation (PCH) Technical analysis
That's all for today ... thanks for reading the post,
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have a nice day,
Shadi
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