Analyzing the options chain and the chart patterns of PPG Industries prior to the earnings report this week,
I would consider purchasing the 130usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $8.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
In the past week we have broken out of the trading range we had been in since April. Today we have corrected the spike up of the past week and reached the top level of May to June again.
The begin of a bigger correction of the decline of the first half of 2022 seems possible from here.
Company: PPG Industries
Ticker: PPG
Exchange: NYSE
Sector: Materials
Introduction:
Hello and thank you for taking the time to read my post. Today, we analyze PPG Industries' chart on the weekly scale, focusing on a classic price pattern called the "Rectangle Pattern." PPG Industries is a global supplier of paints, coatings, and specialty materials, traded on...
Today completed the sideways/triangle correction PPG has been going thru for several months. We will see a 5th wave down now. Roughly 20-40% lower. PUT PUT PUT ON YOUR PUTS.
The PEAD projected a Bullish outlook for $PPG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 72.73%.
A nice base, a clear level.
Wait until the 3 moving averages unfold north, MA20 (green) > MA50 (red) > MA200 (blue).
First pullback to ma20 after or close to a breakout (with a flag) should be a nice entry.
Trade safe.
The PEAD projected a Bullish outlook for $PPG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 70%.
Today a member on my social media called out a major stock NYSE:PPG at a Weekly 50% Retracement Level. MANY stocks right now are pulling back to the 50% Retracement from the COVID low to the recent ATH. I suggest everyone out there do their homework this quarter of 2022 to FIND OPPORTUNITY!
The PEAD projected a Bullish outlook for $PPG after a Positive over reaction following its earnings release placing the stock in drift B
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Filling gap from gap up after earnings beat. Beware of R at gaps overhead. Gaps below can serve as support
Long term uptrend before the flu panic
There is also an ABC pattern. A is 81.1 B is 116.8 C is 98.8 Broke out at 115.8. Add AB leg to breakout for 100% target, allowing for R, gaps, prior R along the way
Has dipped out of prior rising wedge on a pull...
Hey traders, PPG INDUSTRIES is in a downward push, refusal of the sellers on a purchase volume. PPG INDUSTRIES is at the top of its consolidation zone, it is heading towards the trend line to go to the zone to turn around and climb it is possible that we will breakout the new consolidation zone to go and fill the gap looking for the highest .
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PPG industries (PPG - NYSE) looks like forming ABC simple zigzag. It seems like wave C down is already started. Sell with stops above 98.80 level for target below 70.
PPG Industries Inc (PPG - US) is moving down in ABC down wave pattern. B wave is complex wave, which is over & C wave has started for target below A wave low.
