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ScotianBot
Sep 2, 2020 7:57 PM

Bullish Flag breakout for PRMW? Long

Primo Water CorporationNYSE

Description

The KST has seen some very healthy bullish crosses, I've placed three green finger icons to represent each golden cross.

It's always possible we see a fake-out to the upside similar to the fake-outs to the downside where I have placed the two sideways blue icons underneath the baseline support of the pattern.

On the RSI it's possible we see a retest of the downward red sloping resistance of either a descending triangle or bullish flag, if we get a retest and rejected the bottom of the pattern is going to need to hold for the bullish flag to stay in play.
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