SWING IDEA - PANAMAPET
Updated
Stock is currently at its 52W high and also breakout zone.
MACD is indicating a good momentum in the upward direction.
Also Monthly MACD has made a crossover, which could possibly take the stock to new highs in the coming weeks/months.
406 has formed as a Key Support for this Trade be to be valid.
Weekly closings above this Support level will surely take the stock to newer highs.
MACD is indicating a good momentum in the upward direction.
Also Monthly MACD has made a crossover, which could possibly take the stock to new highs in the coming weeks/months.
406 has formed as a Key Support for this Trade be to be valid.
Weekly closings above this Support level will surely take the stock to newer highs.
Trade active
Note
Stock is getting resisted from the 406 levels. Lets wait a few more days/week to get a better understanding of the momentum.Trade active
At our Entry Zone again.Note
Positive News:CARE Ratings affirmed its A+ rating on Panama Petrochem's long-term bank financing and A1+ rating on its short-term bank financing.
Note
Stock has started making new All Time High today.Note
Looks like 406 is turning out to become a Resistance Zone instead of Support. We must wait and see a few more days to get better clarity on movement.Note
Finally we are going to up?? Made a new All Time High today. Note
Achieved Max Profits of 10% so far. Keep Holding.
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