"PPL" Pakistan Petroleum Mid Term Analysis 19 Feb 2013

PPL  

"PPL" Pakistan Petroleum Under pressure Alternative Scenario: Breakage of 184.00 and especially closing above this level can push PPL towards 192.33.   NOTE: PPL is capped by a strong horizontal resistant line at 184.00 which can push it back for a mid term correction. ALSO PPL can start a bearish trend towards 172 to retest its trend channel's lower band in which its moving since last 4 months. Stochastics is also giving a signal for short term reversal as it is completely in over bought region. Today's closing  below 181.82 will generate a evening shooting star which will push market more drastically towards lower bounderies.  
 

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