Daily stock performance of PCC has been good. If we see a weekly close with a green candle then we are in for a good run till we meet potential resistance at the levels described.
I like to look the performance from different viewports. The price is still within the target zone. Moving stop-loss to 19.20.
I expect PPC to continue its rally upwards with a target price of 23.98.
Daily: Bullish - Tenkan Sen still acting as a support for price at 19.84
Weekly: Bullish - Senkou Span A acting as a resistance at 20.27 area - Chikou Span above candles - Waiting for a Tenkan Sen to cross the Kijun Sen from below
Monthly: Bullish - Price must close above 20.25 for the month to continue the monthly momentum
Trade active
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Profit Target Reached; Trade Successful Stop Loss Moved to 20.60.
Next key resistance is the Monthly Senkou Span B (My mistake, I wrote it as Chiku Span) @21.45.
If we can sustain a break above this price, I would expect a rally to 23.98.