PDYN has been showing textbook bullish behavior across multiple levels. Holding constant angled and flat support, while all constantly breaking resistance levels. Volume is rushing to this stock past week, and I smells of bullish conversation - especially given the flat nature in the broader market.
🔹 **1️⃣ Strong Support Foundation:** Since the base at Point #1, support has been consistently respected – a sign of solid buyer interest.
🔹 **2️⃣ Key Resistance Broken:** The resistance at Point #2 has been cleanly and confidently broken – this was a pivotal level.
🔹 **3️⃣ New Support at Higher Ground:** After the breakout, price has found a consolidation support zone around **\$8–\$10**, forming Point #3.
Side Note:
I have the linear regressions, to identify from a numerical value, how the trend has recovered after its huge run up and fall to evaluate reinterest and participation in the stock. Not as big of an indicator, but a great support identifier I use.
High Level:
* Repeated resistance breaks ✅
* Price settling into a new high-range base ✅
* Tight consolidation near $10 — the **launchpad** ✅
**Outlook:**
Once PDYN clears the **$10 resistance**, I expect a fast move toward **$13.30–$15**, aligning with the breakout projection levels above.
This setup is all about momentum and structure. If the volume supports the pushes through $10, this could turn into a serious runner. Price target is $15, but I do not see a reason this could not get to $20
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All love and best of luck, traders
🔹 **1️⃣ Strong Support Foundation:** Since the base at Point #1, support has been consistently respected – a sign of solid buyer interest.
🔹 **2️⃣ Key Resistance Broken:** The resistance at Point #2 has been cleanly and confidently broken – this was a pivotal level.
🔹 **3️⃣ New Support at Higher Ground:** After the breakout, price has found a consolidation support zone around **\$8–\$10**, forming Point #3.
Side Note:
I have the linear regressions, to identify from a numerical value, how the trend has recovered after its huge run up and fall to evaluate reinterest and participation in the stock. Not as big of an indicator, but a great support identifier I use.
High Level:
* Repeated resistance breaks ✅
* Price settling into a new high-range base ✅
* Tight consolidation near $10 — the **launchpad** ✅
**Outlook:**
Once PDYN clears the **$10 resistance**, I expect a fast move toward **$13.30–$15**, aligning with the breakout projection levels above.
This setup is all about momentum and structure. If the volume supports the pushes through $10, this could turn into a serious runner. Price target is $15, but I do not see a reason this could not get to $20
_____________________________________________________________________________
All love and best of luck, traders
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.
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.