Pilbara with combination Technical Analyze
Pilbara is an energy and mining company. In technical analysis, it can be observed that the trend within the chart is a bullish trend with reasonable corrections. Currently, it has formed a falling wedges pattern on the D1 timeframe and has confirmed the formation of a swing higher high. To enter the stock with a calculated risk, we can consider entering the range of $4.6-$4.7, with a support zone of $4.39-$3.43, where there is a significant volume demand. The maximum take profit (TP) target is around $7.7, with the first TP target at $6.5.
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