PWLR has gone parabolic since last month. It shot up strongly to 4.52 last Friday before suffering a steep pullback to 4.15 today.
The uptrend is still intact and it is an opportunity to accumulate between 4.15 to 4.18 with initial stop loss @ 4.05 (just below the recent low @ 4.07). Looking to scale out along fibonacci extension levels 1.272-2.272 of the BC swing up (will trail stops up as trade goes our way).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you
The uptrend is still intact and it is an opportunity to accumulate between 4.15 to 4.18 with initial stop loss @ 4.05 (just below the recent low @ 4.07). Looking to scale out along fibonacci extension levels 1.272-2.272 of the BC swing up (will trail stops up as trade goes our way).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you