bisighini12
Long

PBI Swing Trade Setup

NYSE:PBI   PITNEY BOWES INC
PBI has showed signs of recovery after testing a historical low in the $8 range. Looks to be following a 5 wave set up and completing wave three on the daily. Price might approach $10 for the completion of the 3rd wave. For entry, expect pull back to $9.00-$9.20 range and a price target for wave 5 @ $10.20-$10.50 followed by a subsequent ABC correction. RSI still has room to run a little higher. Price action has shown many consecutive days with green candles. To identify a reversal in the main trend zoom into the 1 HR .

This is not financial advice.
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