VCP PATTERS, WITH ACUMULATION AND RS.
PFPT was another very successful short setup. It had a wonderful run from 105 to 76.33. It adjusted a to its long term support/resistance and now seems getting ready for another fall. We think it has good downside potential from current level.
Like the title says, PFPT got some bearish divergence in the RSI. Potential H&S.
PFPT broken down from an upward channel, but cold not decline much. Went up, retested the upward trend line, started to roll down & now we have the sharp breakdown. On the weekly frame it is forming a H&S formation, and also a larger time Upward channel. Overall it is an interesting short & we are looking for some longer term short trade, as low as $45.33. We...
PFPT seems broken down a long term upward channel, in short term it looks like a flag formation that is broken down recently. It looks very good as long. Trade Criteria Entry Target Criteria- Break of $74 Exit Target Criteria- Target 1- $62.30 , Target 2- $58 Stop Loss Criteria- N/A You can check detailed analysis on PFPT in the trading room/ Executive...