Pendal Group has been established since 1960 and with financial companies in developed countries picking up steam, Pendal looks to benefit from the stimulus pumped into the economy. Despite the Covid challenges, Pendal is set to shine.
Here is a look at Pendal and TA perspective, it has been turning around 6th and 7th of the last 3 months (Nov, Dec 2020 and Jan 2021) and the low of Jan 6 is just touching the 50% retracement.
Volume on Jan 7 & 8 are quite strong.
Jan 6 is also a pressure date using Gann's time squaring price calculation and the next is Jan 11 and 14. I would expect Pendal to make a minor high on Jan 11 and turn down 3 days and make a minor bottom on Jan 14 and the target is @8.40
Weekly and Daily both up ..
Let's see how it goes .. i will be watching it next week and buy in when it suits the plan.
Here is a look at Pendal and TA perspective, it has been turning around 6th and 7th of the last 3 months (Nov, Dec 2020 and Jan 2021) and the low of Jan 6 is just touching the 50% retracement.
Volume on Jan 7 & 8 are quite strong.
Jan 6 is also a pressure date using Gann's time squaring price calculation and the next is Jan 11 and 14. I would expect Pendal to make a minor high on Jan 11 and turn down 3 days and make a minor bottom on Jan 14 and the target is @8.40
Weekly and Daily both up ..
Let's see how it goes .. i will be watching it next week and buy in when it suits the plan.