Technicals | Apr 30 2010
This story features PERPETUAL LIMITED. For more info SHARE ANALYSIS: PPT
By Rudi Filapek-Vandyck
Bollinger bands are a great tool for traders, explains the TechWizard, as they can give you a heads up on the start of a new trend. What traders should watch out for is for bollinger bands widening, explains the Wizard.
Take Perpetual ((PPT)) for example. The share price has started to weaken while the bollinger bands are “opening up”.
This could be a good opportunity to go short, suggests the Wizard.
He notes key technical support is located at $33.50, then at $30.75.
The above trading opportunity had earlier been communicated to subscribers of techwizard.com.au.
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For more info SHARE ANALYSIS: PPT - PERPETUAL LIMITED
