PETM has undergone a deep and prolonged pullback lasting over a year.
Yesterday price gapped up on higher volume and broke through previous resistance. The bar was very bullish, which gives a good indication that price could well continue it's upward momentum over the next few days.
However, with price only just breaking such a strong pivot point the potential bull move could be short-lived. If you trade gaps keep your stop tight. If you're looking for a longer-term opportunity this chart needs more time to develop so stand aside.
Yesterday price gapped up on higher volume and broke through previous resistance. The bar was very bullish, which gives a good indication that price could well continue it's upward momentum over the next few days.
However, with price only just breaking such a strong pivot point the potential bull move could be short-lived. If you trade gaps keep your stop tight. If you're looking for a longer-term opportunity this chart needs more time to develop so stand aside.