PESTECH - Momentum Break-Down or Momentum Take-Rest

Entry Strategy:
1) Wait for retracement - entry at the marked zone red circle.
2) Wait further to break the zone then entry at the orange dotted line.
2) Wait further to break the zone then entry at the next red marked zone circle.

Chart:
1) Mar 20 and Nov 20 price acts as strong support. Start to bull once reach that level.
2) Nov 20 start forming up higher high formation.
3) Jan 2018 to Jan 2021 - long downtrend but able to breakout (significant volume and EMA crossed-off - signal possible trend reversal)

Sector Sentiment:
Bullish

I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.

-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group

Trade active:

Entry: 1.22
TP1: 1.40 (Not Yet)
TP2: 1.51 (Not Yet)
TP3: 1.73 (Not Yet)

Comment:

Price drop below the entry point. Rebound at second entry strategy (1.075).
To monitor..

Comment:

Average down at 2nd entry zone: 1.05 (4 May 2021)

Comment:

Average down at 3rd entry zone: 0.98 (31 May 2021)