PPP- Bump & run formation Long from EMA9 to $1.27
Updated
PPP looks quite solid in technical & fundamental, and it had a big run in last 2 day. Now we are looking for a long if it pools back to EMA.
* Trade Criteria *
Date first found-February 7, 2017
Pattern/Why- Bump & run formation
Entry Target Criteria- Pull back to EMA 9 ($0.85)
Exit Target Criteria- $1.27 & higher
Stop Loss Criteria- $0.74
(Note: Trade update is delayed here.)
* Trade Criteria *
Date first found-February 7, 2017
Pattern/Why- Bump & run formation
Entry Target Criteria- Pull back to EMA 9 ($0.85)
Exit Target Criteria- $1.27 & higher
Stop Loss Criteria- $0.74
(Note: Trade update is delayed here.)
Note
Relevant Updates:February 9th- Declined a bit but did not come close to EMA 9. We would wait a day or two to see if it declines any further to a suitable entry price.
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