6 Years long falling channel finally broke upside. Looks like it took some viagra pills. This will get a lot bigger.
PBI trade ideas
Secures $5 Million Contracts with Government AgencyPitney Bowes Secures $5 Million Shipping and Mailing Technology Contracts with Government Agency
Government agencies – like businesses of all sizes across many industries - are currently facing immense pressures, rethinking processes across multiple parts of their organizations and transforming operations to accommodate a new way of working, often while facing increasing cost challenges
This is where Pitney Bowes’ end-to-end sending solutions excel, providing fully integrated office-level capabilities regardless of location.
These contracts come as Pitney Bowes celebrates its 100th anniversary,
finance.yahoo.com
long strategy, bullish pattern1-3 years long strategy, bullish pattern! Formation of the 2nd bottom on the daily timeframe. The company has been in a bearish decline for the past 6 years! The company has been showing excellent results for the last 2 quarters! Reduces losses, also develops software for COVID-19! The last 10 years have been regularly paying dividends, it attracts. The company has been on the market for 100 years, has gone through various crises and the 1930 recession! The current crisis is next for her, but the company has the potential for growth, more and more people in the world are interested in this company! On the chart, you can see a bullish reversal on the daily timeframe, while on the lower one, but for me this is a signal for action! The company will survive this crisis too, its employees can work and write software while at home, which does not threaten the company with the loss of jobs! It is possible to cut wages during a pandemic, thereby the company will reduce its debt burden! 1-3 years long strategy, bullish pattern
PBI Swing Trade SetupPBI has showed signs of recovery after testing a historical low in the $8 range. Looks to be following a 5 wave set up and completing wave three on the daily. Price might approach $10 for the completion of the 3rd wave. For entry, expect pull back to $9.00-$9.20 range and a price target for wave 5 @ $10.20-$10.50 followed by a subsequent ABC correction. RSI still has room to run a little higher. Price action has shown many consecutive days with green candles. To identify a reversal in the main trend zoom into the 1 HR.
This is not financial advice.
Volume, Conviction, Wicks and Divergence
A Wick Study on False Breaks & Continuation Breaks For Divergence Trading by myself, otherwise, known as ScienceEvolution, Genesis or The Pip Barbarian.
ScienceEvolution's Self Observation of Volume Divergence:
One sure way of knowing that price will keep going or go the opposite way is by observing the volume valleys, breakouts and peaks.
Rising volume interest with lower price-wick valley (convicted sellers & volume level are noted); and then, lower volume interest with a 2nd lower price-wick valley (non-convicted sellers) is real divergence better and quicker than any indicator to determine whether a breakout is false or a divergence.
