PIE experiencing VCP setup as well similar to it's competitor (VS, SKPRES). Can refer to link below for the other 2 counters' pattern setup.
For PIE, obvious higher low formed with below contraction:
C1: -32%
C2: -12%
C3: -6%
C4: -11%
C5: -8%
Awaiting rebound from C5 and breakout to confirm entry point.
BTW, SKPRESS seem breakout first yesterday on 15 Sep 2021.
Disclaimer:
Not a buy call, just sharing on technical analysis based on technical pattern and indicators. Trade at your own risk.
For PIE, obvious higher low formed with below contraction:
C1: -32%
C2: -12%
C3: -6%
C4: -11%
C5: -8%
Awaiting rebound from C5 and breakout to confirm entry point.
BTW, SKPRESS seem breakout first yesterday on 15 Sep 2021.
Disclaimer:
Not a buy call, just sharing on technical analysis based on technical pattern and indicators. Trade at your own risk.
