PLS
- Previous analysis was done on 9 Sep - Suggested waiting for a strong trend reversal
- Today’s price action is accompanied by above average volume
- Stock is again testing the counter-trendline (red dotted line)
- A break of the $2 psychological support might see the stock test the mid-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest using breakout strategies to plot entry
- Previous analysis was done on 9 Sep - Suggested waiting for a strong trend reversal
- Today’s price action is accompanied by above average volume
- Stock is again testing the counter-trendline (red dotted line)
- A break of the $2 psychological support might see the stock test the mid-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest using breakout strategies to plot entry