How scary that looks ?! What a weirdo ? Nope, cut those thoughts in your mind...It's right to pick it up PNB if you have the risking ability till 65's in PNB, moreover the crux is charts says so, that there will be bounce back upto 115's.
Though its weekly chart, we aren't looking at fundamentals that's something which investors do, we aren't investors for sure, so purely based on technical analysis ( probably that can be double bottom if you go down a timeframe ). Check that by yourselves and once you get valid confirmations based on your trade plan then take up the trade, else its just an idea for you to sit n watch, there is nothing wrong in watching a game which we don't play
Happy Weekend !
Though its weekly chart, we aren't looking at fundamentals that's something which investors do, we aren't investors for sure, so purely based on technical analysis ( probably that can be double bottom if you go down a timeframe ). Check that by yourselves and once you get valid confirmations based on your trade plan then take up the trade, else its just an idea for you to sit n watch, there is nothing wrong in watching a game which we don't play
Happy Weekend !
