PED | Informative

AMEX:PED   Pedevco Corp

I HAVE NO POSITION IN THIS STOCK, By request of a follower I published this.

INFORMATIVE, pay attention to key-levels.

It's in a box for a year, going no where, no matter how market moves, pure pump and dump or a long term accumulation for a huge run. I have no information about fundamentals, but technically, I see a break out happened 1st of October 2021, even on P/F chart it formed Long Tile Up alert that is very bullish , the volume is insane, and it looks very bullish to me, I expect a pull-back to 1.80$ as first target and 1.56$ area as second target, if it holds those prices and gain more volume , then cautiously we can open a position, maybe it plan to break out from the box. if it start running, it will be huge. it totally depends on the following days price action.

as you know this is micro cap company with 176m$ capital, and this year XLE , energy sector lagging from other sectors and I reviewed energy sector, I expect huge bullish movement on this sector. this is a good investment for ling term portfolio. this company outperformed SPY last year by 5% and outperformed it's sector in last 2 weeks.

this is not a recommendation, It's just a quick review of chart and basic fundamentals


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