PTC - PSX - Technical AnalysisPTC - Analysis
Since June 2024 price is moving in sideways channel.
Presently, on Daily TF, price has crossed Bollinger Band's upper band line. Therefore, price is likely to come down. Remember the central line of BB acts as a magnet and price always tries to catch up with it.
On RSI 70 value indicates that bullish momentum is ON without any divergence. Therefore, price may test 14.00. But for going into bull run price must cross 15 which was previous Lower High.
Therefore, buying should not be carried out till its price touches 15.
