$PESI trying to pull a $MU
Besides what I view as very similar price action, PESI found support over the last few weeks right at the $5.80 level. Looking back 6 years, the $5.8-5.6 area was tested 3x as resistance and has just been turned to support.
-A close below the rising trendline support around $5.85 would violate my thesis for $PESI following the $MU path.
-$MU gained 60% from the date shown
***I personally bought $PESI this past week @ $6.50***
-A close below the rising trendline support around $5.85 would violate my thesis for $PESI following the $MU path.
-$MU gained 60% from the date shown
***I personally bought $PESI this past week @ $6.50***
Comment:
Looks to me like the MU-style move is beginning
Comment:
Still in this, I see a breakout, a pullback and I think the move is coming this week (10% minimum)