Technical look out: - Looking for MACD to bounce up as it diverges - RSI cooling off from the overbought zone so we can potentially expect some volume soon - Price although has shown bear candles on the daily, it has consolidated fairly well considering the last spike from the news of --> finance.yahoo.com/news/pliant-therapeutics-inc-plrx-stock-083508031.html
Price action: - Trading and consolidating within the July 14th candle. My price support is based off of this candle and a bounce up or break below it will dictate whether an entry takes place or not. - If a proper bounce occurs I can see a conservative 5% within my radar or stretch to 15% on the top end. As per usual my trading strategy is to scale and secure profits so if momentum persist, I will hold past the 15% marker.
More news could help this one out in the coming weeks with earnings also only a few weeks away