Technical Analysis With Charts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis With Charts

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: estatemakr who wrote (4360)	3/7/2007 1:47:37 PM
From: The Ox	of 6865

PPG Looks like until it breaks above $70.50ish that its going to continue to be boring. Short term, any break below $62.50 would be very negative, imo, unless it was accompanied by a volume reversal. The series of higher lows over the past year and a half are positive but I don't see anything in the volume to suggest that the stock is ready to tackle the very strong resistance in the chart from 68 to 70.50. If you draw a line of resistance at $70.50 and another one which shows the support from the higher lows, you will see that it converges just off the current chart. This implies that a crossroads may be approaching which could be seen by us TA types as a make or break situation. Not much in this chart to make me aggressive either way. I just took a quick look at earnings estimates and they are flat for the next 2 years. I think this is reflected in the chart and that's why it's basically been trading sideways for the past 6 months. It looks like they need some news to break the chart's trend. jmo stockcharts.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next