JamesRennie

Watch the lower trend line

Long
JamesRennie Updated   
NYSE:PLT   None
Last week PLT broke down below the lower trend line. In order to see a recovery this week it must stay above the lower trend line and keep moving up. We might ever see $18 before the end of the month.

RSI and MACD are both in a good position to allow significant upward movement. Stoch RSI appears to have just signaled a trend reversal towards bullish movement.
Trade active:
Yesterday the daily candle closed almost exactly on the lower trend line. Still looking for movement up or down today with the same thoughts as yesterday.

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