PAG - seems getting ready for a second phase of upward run. Moneyflow is getting stronger. We would like to take a position it it breaks all time high or pull back to support.
Trade Details :- Entry Target Criteria- break of $54.41, or pull back to 50.60 - 51.30, Exit Target Criteria- Momentum Stop Loss Criteria- TDA
You can check our detailed analysis on PAG in the trading room/ Executive summary link here- screencast.com/t/3e0ZTENUQwBd Time Span- 0:31:00" Trade Status: Pending
Comment
January 25th- Good upward move with higher volume. And traded into positive zone. Looking very good. January 24th- Jumped up from MA50 and showing upward momentum. We like this as long. January 18th- Went up & closed above EMA lines, still we like as long. January 10th- Showing some strength now, Traded upward & closed above EMA lines. Consider holding for few more days. January 5th- Pulled back to down side again, not looking good January 4th- Strong reversal & closed above EMA lines. Looking good as long. December 29th- seems to have found some support but a break below 51.00 and we would consider killing this trade. Updating our stop loss criteria to reflect. December 28th- Not really looking very good recently. Need to watch carefully. December 27th- Traded upward above EMA lines & MA20, but could not hold to it. December 22nd- went down crossing below MA20, not looking good as Long. December 20th- went up 1.85% with good volume, seems it resumed its upward run. December 13th- Could not show the strength we expected, however still looks a valid long. Updating stoploss to $50.93 December 8th - Another upward move today. Updating stoploss to $49.93 December 7th- Broken all time high & hit breakout entry. Looking very good
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