Lots of Bullish Technical aspects. The trend has been Bullish since the recent market bottom, much more so than has been seen in a long time for PLT. Inverse H&S has formed, watching for a potential breakout to the upside in the next couple days. Big gap above as well, will it get filled?
Fundamentally the recent earnings were mostly positive but not nearly as exciting as I had hoped. The stock has been beaten down so much that it's essentially a value play with the market cap barely over 500 Million.
I'm still sitting on a lopsided straddle position and still most optimistic about the upside potential.
Comment
⋅
Break out happened. Price is pulling back today to fill small gap from yesterday's open. Target is $22.80 to fill the big gap. Expecting this over the next few days.
Comment
⋅
Well so much for that breakout. Not sure where this is going now, it's looking like I will most likely be taking the L on this trade.