PL: room to follow-through

Dec 12, 2025

Price continues to follow the macro bullish trend structure outlined in the September updates. Watching for further follow-through into the next 24–30 resistance zone.

The earnings gap may offer a delayed-reaction setup if we see a constructive, low-volume pullback in the coming days - ideally with price holding above the 15 local support.

Chart:

https://www.tradingview.com/x/FSQt8Lrb/

Macro view (Weekly):

https://www.tradingview.com/x/lYwObU0k/

Previously:
• On macro bullish-trend structure (Sep 14):

https://www.tradingview.com/symbols/NYSE-PL/minds/?mind=pbLxvIBNRfeKsShsTQd93w

• On resistance zone and pullback (Sep 26):

https://www.tradingview.com/symbols/NYSE-PL/minds/?mind=3_Brv1w3Sdy6jcjBDl5mMw

Jan 12

Trade closed: target reached

PL is following the trend structure outlined in the December update and has reached the first layer of the potential mid-term resistance zone at 24–30.5.

Partial profit-taking at current levels looks reasonable. For the remaining position, stops can be raised to 21.6, with a full stop trailing a close below the 21-EMA (currently ~19.90).

Chart:

Feb 3

Note

PL price has reached and is reacting from the key mid-term resistance zone outlined in the December update.

17.5–12–9.30 is an important mid-term support zone where a new base might form before the next upside momentum takes hold.

Chart (weekly):

Mar 17

Note

Price may need deeper consolidation into the mid-term support zone: 18–12.
If you have long exposure, consider hedging ahead of earnings this week.

Chart:

Weekly: