munyaelliott

PIONEER FOODS 4-HOUR TIMEFRAME LONG

JSE:PFG   PIONEER FOODS GROUP LTD
Ever since price hit highs of 21550 in October 2015, it has been tumbling down and lately price are finding some support, possibly to start a new uptrend. However, this would only be confirmed if prices can close above the resistance zone and possibly retest that level and continue higher. Any buy setups now would be done in a range and it will be up to the trader to assess if they can stomach that.
Bullseye and take profit hit
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