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Another big week for PRTS .
The PA seems to have made a jump to the higher price fork and is leaving the main part of the channel its been in since March. There have been have few times the price left this channel, above it in early June, and below it in late June. Although note during that period how it obeyed the fork the entire time.
It pushed above on big volume again but on the pullback found support on the new level of the trading fork at around $13.56.
The Volume Profile already showing a new point of control at $13.67 as well which adds to the stability of the price action here. the 20 MA seems to be acting as a guide for the price as well.
On the Daily chart
The RSI wedge is still in play, and it's now at the low point, suggesting there is room to the upside on Monday. MACD still very bullish as well.
Given that the market overall rebounded very solidly off lows, fueled by strong moves in tech and Mondays have been usually quite green, I'm betting we see price reach up to the $15 range. The lower green support lines may not be in play for a while.
I typically only buy at recognizable support levels, but I took a small bet on the fork level support and especially the RSI support and bought some OTM calls.
The PA seems to have made a jump to the higher price fork and is leaving the main part of the channel its been in since March. There have been have few times the price left this channel, above it in early June, and below it in late June. Although note during that period how it obeyed the fork the entire time.
It pushed above on big volume again but on the pullback found support on the new level of the trading fork at around $13.56.
The Volume Profile already showing a new point of control at $13.67 as well which adds to the stability of the price action here. the 20 MA seems to be acting as a guide for the price as well.
On the Daily chart
The RSI wedge is still in play, and it's now at the low point, suggesting there is room to the upside on Monday. MACD still very bullish as well.
Given that the market overall rebounded very solidly off lows, fueled by strong moves in tech and Mondays have been usually quite green, I'm betting we see price reach up to the $15 range. The lower green support lines may not be in play for a while.
I typically only buy at recognizable support levels, but I took a small bet on the fork level support and especially the RSI support and bought some OTM calls.
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