PPC is at the bottom of a monthly box and at VAL of the daily and weekly anchored volume profile. It could catch a bid here and retest $45.60s(VPOC).
If the retest ends in a rejection of that area, and a daily close below the previous low around $41.95 then I expect short continuation and validation of the H&S.
I would especially like this trade after a retest and rejection of box bottom around $43.41 - $43.30.
My targets would be 40.11, 38.98, 37.27,35.96 then 33.72.
If the retest ends in a rejection of that area, and a daily close below the previous low around $41.95 then I expect short continuation and validation of the H&S.
I would especially like this trade after a retest and rejection of box bottom around $43.41 - $43.30.
My targets would be 40.11, 38.98, 37.27,35.96 then 33.72.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.