PL is flashing a textbook swing setup right now. After a massive episodic pivot (EP) late last year, the stock has been digesting those gains beautifully. It just formed a tight, constructive consolidation block right above the 50-day moving average and is currently triggering a breakout from this high-tight flag.
Moving Average Support: The moving averages are stacked perfectly in a bullish alignment. The price just printed a strong, textbook bounce off the 50-day MA (the thicker black line), with the shorter-term MAs curling back up underneath the price to provide immediate support.
Elite Relative Strength: Sitting at a massive RS Rating of 99.0. This stock is in the top 1% of the market regarding price performance, proving that the money flow here is real.
Institutional Volume Imprint: Check out those towering volume spikes on the previous gap-ups (marked by the blue HVE/HVQ bars). That is undeniable institutional accumulation. Just as importantly, the volume dried up significantly during the recent base-building phase, telling us the big players are holding their shares, not taking profits.
The Breakout Trigger: The price is actively pushing through short-term resistance near the $27 level. The path of least resistance is up, with the chart clearly projecting a move to test prior highs near $30 and eventually push into blue-sky territory.
The earnings table perfectly validates the technical action. We're looking at consistent, accelerating sales growth quarter-over-quarter (+11%, +5%, +10%, +20%). When the fundamentals match a chart setup this clean, it adds a massive layer of conviction to the trade.
The Swing Game Plan
Entry: Right around current levels ($27.08) as it clears this mini-base with volume coming in.
Risk Management: A stop loss placed just below the recent swing low or right under the 50-day MA keeps the risk extremely tight.
Target: Initial profit-taking at the prior resistance near $30, while leaving a runner to capture the rest of the breakout momentum.
Moving Average Support: The moving averages are stacked perfectly in a bullish alignment. The price just printed a strong, textbook bounce off the 50-day MA (the thicker black line), with the shorter-term MAs curling back up underneath the price to provide immediate support.
Elite Relative Strength: Sitting at a massive RS Rating of 99.0. This stock is in the top 1% of the market regarding price performance, proving that the money flow here is real.
Institutional Volume Imprint: Check out those towering volume spikes on the previous gap-ups (marked by the blue HVE/HVQ bars). That is undeniable institutional accumulation. Just as importantly, the volume dried up significantly during the recent base-building phase, telling us the big players are holding their shares, not taking profits.
The Breakout Trigger: The price is actively pushing through short-term resistance near the $27 level. The path of least resistance is up, with the chart clearly projecting a move to test prior highs near $30 and eventually push into blue-sky territory.
The earnings table perfectly validates the technical action. We're looking at consistent, accelerating sales growth quarter-over-quarter (+11%, +5%, +10%, +20%). When the fundamentals match a chart setup this clean, it adds a massive layer of conviction to the trade.
The Swing Game Plan
Entry: Right around current levels ($27.08) as it clears this mini-base with volume coming in.
Risk Management: A stop loss placed just below the recent swing low or right under the 50-day MA keeps the risk extremely tight.
Target: Initial profit-taking at the prior resistance near $30, while leaving a runner to capture the rest of the breakout momentum.
Catch the move before it happens - ft.wtf/subscribe
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Catch the move before it happens - ft.wtf/subscribe
Join 2,000+ traders.
Join 2,000+ traders.
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.