johnatan hammer's  Instablog

johnatan hammer
Send Message
trading stocks, currencies and commodities for more than 10 years. allways happy to learn new things and anyone i meet can be a teacher. i love to use technical analysis as a primary tool for investments or trades.
  • Prgo-23/12/12 0 comments
    Dec 23, 2012 5:22 AM | about stocks: PRGO

    (click to enlarge)= the price of PRGO broke through the 50 and 200 M.A. a pattern considered as a bearish signal.

    worst than that- the last couple of days created s "death cross" when the 50 M.A. broke below the 200 M.A. .

    the fact that the market is not willing to buy PRGO above $105 means that we ran out of buyers at the moment- in other words PRGO is over priced.

    we are probably witnessing a weekly sideways pattern between the levels of $118/$120 and $100.

    if that is the case as long as PRGO stays below $105 i expect it to continue with the down trend to the support level of $80.(click to enlarge)

    Stocks: PRGO
Back To johnatan hammer's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Most Commented
  1. Nokia- Buy Opportunity ( Comments)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.