PERLIN has been forming a nice pattern since the beginning of 2020. Why I believe we could see some nice bullish continuation?
- Higher highs, higher lows
- RSI getting close to above 70 (look at what happened last time ; red arrows)
- Volume is strong and increasing
We could see a struggle from the golden pocket. If not, I expect a conservative target between:...
PERL has good momentum to rise up and break the 220sts level to move up to above 300sts in June.
But to make sure if this trend is strong enough, we will wait for it to break out from 220sts then buy it for super high targets : 280 - 350 and 430sts or wait for it at the zone of 150-170sts
But there is a notice : because in May 26, it formed a big false break after...
$PERL
Potential accumulation happening here. One could play the range for now; personally I'd look to long once we break the range high to the upside. (Example in chart)
