JamesRennie

Looking for a breakout of channel

Long
NYSE:PLT   None
With RSI sitting at 40 and MACD showing start of uptrend. I think it's likely to see a large price jump on PLT. The companies stock looked like the company had been written off by the market as a failure. As a manufacture of high quality low cost headphones they just needed anything positive to turn things around as I stated in my last post. I believe the market has overreacted from the terrible earnings of the last quarter. This quarter they will have sold many headsets to businesses sending their employees to work from home.

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