Systems Buy Idea!Systems has been accumulating for exactly the same time now as last time
if it breaks above 600-700 could be the final target
Psxlong
PSO:PSX Buy CallPSO printed a Bullish Divergence with a Falling wedge pattern suggesting a Bullish shift in momentum.
Market entry is suggested with Stop Loss on previous Lower Low. Take profit levels are recommended on 1:2 Risk Reward Ratio.
Happy Trading!
NRL:PSX Bullish RunNRL-PSX is expected to continue it's bullish run on daily timeframe. It printed a cup and handle pattern with no divergence.
GTYR-PSX: Bullish Continuation GTYR Printed a Bullish Flag with no signs of Divergence. A bullish trend continuation is expected, entry is suggested on the breakout of pole with stop loss on previous Higher Low.
PSO: Bearish Trend ShiftPSO:PSX printed a rising wedge pattern followed by a bearish divergence suggesting a Bearish Shift. Shorting is recommended as per the levels mentioned in the chart.
KSE 100 INDEX BUYas Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is formation of a hammer candle which also shows us a buy setup but as i know the political situations and Geo economical position of Pakistan any move could be possible if everything goes smooth we will buying this 100 index
PSX Inverse Head and ShouldersPSX has completed an inverse Head and Shoulders pattern but failed to breakout above the neckline. It's possible that this could be due to the imminent earnings report which will be released BMO on Friday. In my opinion investors - traders are waiting for this release before entering a long position. PSX is once again approaching the neckline area and a nice beat on Friday could be the catalyst that is needed to push the price above the neckline towards $100.
PSX has beaten the earnings estimates the last 5 quarters but looking at the chart, PSX typically does not seem to make huge moves one way or the other on earnings results. That being the case I still believe a nice beat on Friday could propel PSX toward the $100 area. I am currently long PSX but I am also waiting to see the earnings results before adding or reducing my position.
