PLS @ 30 August 2021
PLS
- First time doing a written analysis on PLS
- Stock has some history of uptrend but aren’t long enough (ie. less than 3 months) to my liking
- Price retracement in mid-August is quite a big drop (ie. About 20%) but mostly due to the strong price increases before that
- Price respects the short-term average -> very good
- Price recently formed a Lower High (LH) but it’s understandable due to the big drop in the subsequent retracement wave
- Today’s price action looks to be a nice rebound and might present buying opportunities for some traders
- Stock hasn’t broken through counter-trendline
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest to use breakout strategies once stock successfully breakout of counter-trendline with strong volume
- First time doing a written analysis on PLS
- Stock has some history of uptrend but aren’t long enough (ie. less than 3 months) to my liking
- Price retracement in mid-August is quite a big drop (ie. About 20%) but mostly due to the strong price increases before that
- Price respects the short-term average -> very good
- Price recently formed a Lower High (LH) but it’s understandable due to the big drop in the subsequent retracement wave
- Today’s price action looks to be a nice rebound and might present buying opportunities for some traders
- Stock hasn’t broken through counter-trendline
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest to use breakout strategies once stock successfully breakout of counter-trendline with strong volume
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.