Long
PAT consolidation trend - buying opportunity?
Looking at the 3-month chart, Bollinger Bands are mostly wide apart, the RSI is hovering right around 50 at present, and trading has remained in a tight range of 1.70 – 2.00 for several months. This indicates the stock is likely in a period of consolidation. The MACD appears to have bottomed out, having crossed beneath the zero line recently and beginning to move upwards again.
Now might be a good time to pick up shares before a breakout. At $1.89 a share, prices are not far from long-term support at $1.71.
Now might be a good time to pick up shares before a breakout. At $1.89 a share, prices are not far from long-term support at $1.71.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.