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Juliac
Sep 21, 2020 8:27 AM

Parkway Life Reit - Opportunity to stake for more upside Long

PARKWAYLIFE REITSGX

Description

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
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