LeLaf

PSTG: Bullish Pennant, Not confirmed (46.35%)

Long
NYSE:PSTG   Pure Storage, Inc.
Bullish pennant for PSTG on the Weekly chart.
Not confirmed.

Pros:

1- PPS above 50MA and 200MA
2- RS above 0 but barely
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in Marth 2021
8- Post formed with volume
9- Descending volume during pennant forming

Cons:
1- Figure is not confirmed
2- No break out yet
3- ATR flat

If confirmed, target price is 53,52$

Again, stay humble, have fun, make money!

MAAX!
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