Yet another Bull Flag; Looking for a breakout.
A familiar pattern is repeating itself. After a bit of (expected) volatility it appears PRTS is once again forming a Bull Flag. Earnings were positive.
MA's on the hourly are crossing over and pointing up.
Volume Profile on the shorter term chart is again building it's base at the upper range of the bull flag. These are all patterns we have seen before.
The stock price has had good adherence to the price fork yet again and now appears to be stabilizing within the old price channel which is defnied here as the higher green line and the lower heavy red.
On the Daily chart the RSI support we were tracking before broke lower, but now appears to be in a tight channel created on off the RSI low back in back and the old RSI support (now resistance) Still leading us higher and by no means is the stock overbought anymore.
I feel that as the market itself overall liquidity will be looking for stocks which continue to move, so we will still see some action in PRTS even if the overall indices are a bit flat.
MA's on the hourly are crossing over and pointing up.
Volume Profile on the shorter term chart is again building it's base at the upper range of the bull flag. These are all patterns we have seen before.
The stock price has had good adherence to the price fork yet again and now appears to be stabilizing within the old price channel which is defnied here as the higher green line and the lower heavy red.
On the Daily chart the RSI support we were tracking before broke lower, but now appears to be in a tight channel created on off the RSI low back in back and the old RSI support (now resistance) Still leading us higher and by no means is the stock overbought anymore.
I feel that as the market itself overall liquidity will be looking for stocks which continue to move, so we will still see some action in PRTS even if the overall indices are a bit flat.
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