PPL is moving firmly within its ascending channel on the 1D timeframe and is now approaching the major breakout level at 216. A confirmed break above this zone can open the next leg higher, with the first short-term target near 230, which aligns with the channel’s upper resistance. Beyond that, the 240 level stands as an external structural resistance outside the channel. Bullish structure remains intact as long as price holds within the rising channel.
Trade closed: target reached
Alhamdulillah another hit successfully with 250+
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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.