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Fomenka

A falling wedge in PGH

Long
Fomenka  
NYSE:PGH   None
Chart Patterns Wave Analysis
1
0
chartpattern waveanalysis
NYSE:PGHWHY
- nicely shaped falling wedge breaking up in 5 waves
- pinbar marking bottom on D chart
- waning indicators (divergence)

HOW
- falling wedges break up sharply so I will leverage the trade with options. PGH is very illiquid so risk is high.

DURATION
- couple of months

ENTRY
- now
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Fomenka
PGH falling wedge
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