PPP looks quite solid in technical & fundamental, and it had a big run in last 2 day. Now we are looking for a long if it pools back to EMA.
* Trade Criteria * Date first found-February 7, 2017 Pattern/Why- Bump & run formation Entry Target Criteria- Pull back to EMA 9 ($0.85) Exit Target Criteria- $1.27 & higher Stop Loss Criteria- $0.74
(Note: Trade update is delayed here.)
Comment
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Relevant Updates: February 9th- Declined a bit but did not come close to EMA 9. We would wait a day or two to see if it declines any further to a suitable entry price.