oversold - has to turn back before testing other supports..
In this chart we're looking at PKI on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $98. After price prints a 1W candle through $101.28 breakout will be confirmed. This ascending triangle has a price target of around $125 for about a ~27% gain. If you would like to see more of these...
Good consolidation gives a great reason to buy shares. P/E 33.26 Forward P/E 20.01 Open 76.73 SL 74.83 TP 84.33 Good Luck!
A follow up from my previous analysis showing fib extension levels. Disclaimer - I'm a novice trader learning technical analysis. Please don't use this as financial advise. Thank you.
Inverse Head and Shoulders playing out. Target from the neckline down to the head puts us around $30-$32 which would place PKI close to all time highs. PKI is a strong company with massive potential and a great long term hold. Hope you bough up the bottom of this major correction, looking forward to 18-20% gains from this point over the next month.