PRA Long on Ascending Channel

zukedu Pro Updated   
NYSE:PRA   ProAssurance Corporation
- MACD and FI divergence
- Spinning top / doji + big green candle combo for entry signn

- Profit target may be quite limited as the range will only allow for about 1.5-2R until a breakout occur
- Not clear uptrend

Overall Trade Grade: 79% (9.5/12)
Trend: 1.5/3
MACD: 3/3
Force Index: 3/3
RSI: 2/3
Order cancelled:
Price did not trigger stop limit order.

Reason for canceling
- MACD ticked lower instead of high
- An oversight from the first analysis was found. The weekly trend is down as well. Higher success rate going Long on daily charts when weekly trend is up. Wiser not to fight the tide when trading in the ripple

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.