Updated
PRTK Bullish Swing
PRTK has been in a consistent and recognizable uptrend since November 2016 after they beat earnings by almost 25%. Its been seeing support at its 50 Day MA and just bounced off that point. In the recent past it rallied at 2/3 of the angle of the line from the high point to the low point, so im expecting a breakout near the 2/3 line. RSI and Price Oscillator both are seeing support where it should be expected, in the past SAR has been a good reversal tool so that can be used. Because it has been seeing one day of a sharp rally then the following days were exhaustion I am going to buy right now and set a stop loss at 15.14 so I dont miss a sharp rally.
Note
looks like a key reversal bar today so id take any profits now
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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.