PA
PA has consolidated for the past 2 weeks with diminishing volume. Its price range is also tightening as seen on the chart, A breakout from this range would confirm its immediate trend.
Currently its MACD is flat and above 0, any movement upwards or downwards would result in a GC/ DC.
I am bullish on PA. For the past 2 weeks its volume depicts buyers gaining control over the price movement. (i.e. Up days are accompanied by higher volumes compared to down days.)
A break above 0.490 next week will be a bullish sign. Conversely, a break below 0.450 should be a cause for concern. Good luck.
-FairTrades
Trade active:
Price Broke out from the symmetrical triangle. MACD GC materialised with big volume. This is going up to test the ATH
Trade active:
Price has sustained above the breakout of 0.500 for 3 days. This is looking promising as the lagging indicators are catching up to create a buy signal for conservative traders. monitor for a test of ATH at 0.570 for a potential breakout.
Trade closed: stop reached:
Trade closed when price fell below 0.50