Long term patterns suggest PFE bulls still in play?
Weekly chart on top shows long term cup and handle just filled recently near $46
while daily chart below shows there's also a trend continuation pattern.
With RSI rounding down, on short term, 50-53 seems like possible downside, with higher chances of trend resuming to upside and go beyond current 52-week highs!
Stop loss below 50, and use trailing stops as and if price advances higher!
while daily chart below shows there's also a trend continuation pattern.
With RSI rounding down, on short term, 50-53 seems like possible downside, with higher chances of trend resuming to upside and go beyond current 52-week highs!
Stop loss below 50, and use trailing stops as and if price advances higher!
Trade active
First 52-week new high hit today at 55.95Trade active
3rd day streak of new 52-week highs!
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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.