PHDC Exhaustion 🚨
I am tracking Palm Hills (PHDC) as it hits a major ceiling.
Despite the rally, price action suggests the move is overextended:
Volume Squeeze: High volume at this peak without a breakout signals a "blow-off" top the final push before a correction. 📉
Critical Pivot: We must close above 12.80 tomorrow to stay bullish.
Otherwise, I expect a break of the 12.00 support, leading to consolidation toward 11.20. 🧱
Valuation: The stock is heavily overbought.
I’m awaiting Q1 earnings to see if fundamentals can justify these prices.
The Verdict: High-risk zone.
If 12.00 fails, the wave is over for now.
Stay disciplined. 🧘♂️🎯
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I am tracking Palm Hills (PHDC) as it hits a major ceiling.
Despite the rally, price action suggests the move is overextended:
Volume Squeeze: High volume at this peak without a breakout signals a "blow-off" top the final push before a correction. 📉
Critical Pivot: We must close above 12.80 tomorrow to stay bullish.
Otherwise, I expect a break of the 12.00 support, leading to consolidation toward 11.20. 🧱
Valuation: The stock is heavily overbought.
I’m awaiting Q1 earnings to see if fundamentals can justify these prices.
The Verdict: High-risk zone.
If 12.00 fails, the wave is over for now.
Stay disciplined. 🧘♂️🎯
If you like my posts, please follow and boost 🙌
🎁 Get a $15 discount on your next subscription:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
