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lukelehepuu
May 7, 2016 10:03 AM

PAGP LONG OR SHORT ON BREAKOUT 

Description

Ticker: PAGP
Direction: LONG OR SHORT
Entry Price: NA
Current Price: 9.15

Description of Chart:
So this is an interesting opportunity, at the moment we are in the middle of a little channel that is leaning toward the upside. You could possibly enter long now, and ride it up to 10.62 (potential resistance), or you could wait for a break above 10.62 and buy it then. Alternatively you could short now waiting for a break of the central blue line down to 7.31. Or again, you could wait for a break of 7.31 and sell then. I am leaning more towards the downside as I don't like the economic growth outlook for the next few years.

You can view all of my charts on my website if you are interested in a certain product. I also run a PAMM account that you can join, it is where you invest into an account managed by myself and I make the trades to make you profits.
Website: lukelehepuu.com
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