PD has already had an impressive recovery from the March 15th low. Recently it has been consolidating above the trendline and closed with a nice green candle today. Looking for a push into the red box and potential breakout above 39. Further targets would be the fib levels above. Important that growth names stay strong and we see follow through in the Nasdaq. Not interested anymore if it falls back below the green box.
Comment:
Will need to be patient. Yields are rising today which hurts growth. No position yet.
Comment:
Trade idea dead for now.