Sideways consolidation happened after the breakout two weeks ago

Long

Pilgrim's Pride Corporation (NASDAQ:PPC)

Updated

NASDAQ:PPC Pilgrim's Pride Corporation

This formation suggesting that the buying interest is still strong above the US$20.00 level.

We may expect short term breakout above US$20.75.

Target: US$22.00-US$24.00
Support: US$19.63.

Comment:

Price experienced a breakout, soon it will be under traders' radar.

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.