PEL has been trading within a well-defined triangle pattern for quite some time now, showing excellent consolidation. Key support and resistance levels have been marked, making the setup more structured and reliable.
Recently, a breakout has been observed on the weekly timeframe, indicating the potential for a strong upward movement. However, to confirm the breakout's validity, waiting for a weekly closing above the breakout level is essential.
Strategy:
Observation Period: Monitor this week’s closing to confirm the breakout.
Entry Plan: If the breakout sustains, consider buying the stock for short- to mid-term gains.
Targets: While the upside potential is open-ended, the first target has been marked for guidance.
Key Takeaways:
The triangle pattern on the weekly chart is a strong technical signal.
Breakouts from such patterns often lead to significant price movements.
It’s essential to remain disciplined and wait for confirmation before taking action.
Personal Note:
Apologies for the lack of updates recently. I’ll strive to provide regular market insights and updates moving forward. Let’s keep an eye on PEL as it has the potential to generate substantial returns in the near term.
Stay tuned for more updates!
Recently, a breakout has been observed on the weekly timeframe, indicating the potential for a strong upward movement. However, to confirm the breakout's validity, waiting for a weekly closing above the breakout level is essential.
Strategy:
Observation Period: Monitor this week’s closing to confirm the breakout.
Entry Plan: If the breakout sustains, consider buying the stock for short- to mid-term gains.
Targets: While the upside potential is open-ended, the first target has been marked for guidance.
Key Takeaways:
The triangle pattern on the weekly chart is a strong technical signal.
Breakouts from such patterns often lead to significant price movements.
It’s essential to remain disciplined and wait for confirmation before taking action.
Personal Note:
Apologies for the lack of updates recently. I’ll strive to provide regular market insights and updates moving forward. Let’s keep an eye on PEL as it has the potential to generate substantial returns in the near term.
Stay tuned for more updates!
交易开始
ADDING MORE AROUND 1110-1130 LEVELS
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。