$PIL we have cup. Now for a handle to take out the old supply30 min chart indicates a serious rerate aka pump going on here. Im not here to worry about why. looking for a flag under 4.3 and then a lift in price and of course volume. Hopefully in a better market. Generally the handle needs to form to get all the bhaggies and profit takers out. Lets see.
PIL trade ideas
Breakout will soon test new ATHI like the look on the 1-hourly (much the same on 4-hourly and daily):
consolidated around the 0.618 FIB (0.023) for a while
the tested 0.5 FIB (0.027) and consolidated likewise before,
testing and pushing through 0.382 FIB (0.031) today
Next move to look out for is 0.236 FIB (0.035), which I am sure we will hit and then test new ATH at 0.043 for blue sky moves.