A significant price movement on 10 Aug'22 due to buying interest hence the price closed above the MA50 line backed by a high volume. Then, there was a price correction before the price continued with the price breakout move on the previous trade. Again backed by significant volume compared with the previous trading. Therefore, fresh buying interest has emerged and is set to lift the stock higher.
MACD and OBV trend lines are set to a positive uptrend due to buying interest.
Precaution since RSI is over indexer 70; becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback.
Let's save PEKAT in WL and watch out for significant price movement with volume due to buying interest from traders.
R 0.565
S 0.460
MACD and OBV trend lines are set to a positive uptrend due to buying interest.
Precaution since RSI is over indexer 70; becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback.
Let's save PEKAT in WL and watch out for significant price movement with volume due to buying interest from traders.
R 0.565
S 0.460
