Another day confirming consolidation at the current price level. The whole NQ was very volatile today, and at least in my view, the last two days decline had more to do with the overall market sentiment than anything fundamental on PRTS itself. Note that the entire candle (all the entire candles) are fully contained within the uptrend at this price level. Also within the Bull Pennant but that could be drawn a number of ways.
There was a small gap at 10.15 which was closed today. Gaps tend to like to get closed before a trend resumes so it's good that was cleared up. Key support appears to be at 10.29. Price fell below that briefly today but quickly came back above it.
Also note that the RSI support line still held. See my other post about the concerns I have moving forward regarding that.
Will be interesting to see if the bright green upward trend line holds as support or if the price extends out sideways toward the lighter green line like the last bull pennant.
There was a small gap at 10.15 which was closed today. Gaps tend to like to get closed before a trend resumes so it's good that was cleared up. Key support appears to be at 10.29. Price fell below that briefly today but quickly came back above it.
Also note that the RSI support line still held. See my other post about the concerns I have moving forward regarding that.
Will be interesting to see if the bright green upward trend line holds as support or if the price extends out sideways toward the lighter green line like the last bull pennant.