PPH has met the conditions set in the main idea, now we see price trending downwards into a daily cycle low. Ideally we want price to touch the blue support line and create a double bottom with 23 June. This will propel price above the 200 day moving average. Our goal is to open a position when we close above the steep pink line near current price on a daily basis and the 10 day moving average.
Trade closed: stop reached:
PPH had a cycle failure meaning it is now in intermediate decline, there will be better buying opportunities to be assessed in future.