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Analysis: #NYSE $PPG

Case 260 #PPG_Industries Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#PPG 1/4
Chart 1
Monthly Chart: Price has been rising strongly since 2009 and peaked in Dec. 2019 at 134.36 then suffered a dramatic fall closing strongly below the 2015 trendline but finding #support on #Fib. 0.50 ahead of the monthly #SMA 200 (currently .....

PPG 2/4
..... 64.91)- below here minor support 60.00-48.40). The main objective is 146.60 but for this to happen price needs to reclaim the 2015 #trendline (current slope = 100.10) then close above the old range top 120.47.

PPG 3/4
Chart 2
Daily Chart: The #Strategy is printed on the image.

$PPG 4/4
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Related hashtags

#NYSE #PPG_Industries #PPG #support #Fib #SMA #trendline #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $ANTM

Case 264 #Anthem Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#ANTM 1/4
Chart 1
Weekly Chart: The all time high of 317.99 was recorded in Feb. 2019 and from then price action was confined to an $80 range. Last month's strong move down took price way past the bottom of the range, traded below the #SMA 200 (first time since .....

ANTM 2/4
Read 5 tweets
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $MDLZ

Case 263 #Mondelez International Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#MDLZ 1/4
Chart 1
Weekly Chart: Since peaking at the all time high of 59.73 in Feb. 2020 price broke down violently, wiping out all the gains of 2019 but finding #support at the well established #confluence of the long term #trendline and Fib 0.382 supports. .....

MDLZ 2/4
..... Price has since rebounded and faltered at cluster #resistance 53.20 - 56.00 and the #SMA 20 has closed below SMA 50.

MDLZ 3/4
Read 4 tweets
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malteseinvestor
@malteseinvest
Analysis: #NYSE $CMI

Case 262 #Cummins Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CMI 1/4
Chart 1
Weekly Chart: The long term #trend is still bullish - the failed attempt to break above the #cluster and all time high of 194.18 set in 2018 led to a strong reversal, smashing through weak hands but then running into .....

CMI 2/4
..... major #support on the 2009 #trendline combined with the #Fib 0.50. The monthly #SMA 200 is currently at a distant 91.14.

CMI 3/4
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