PTRA - Return of EV
Updated
Having being smashed to a pulp, a few EV names have been popping recently and here's one of them.
PTRA also pushed by earnings is having a pump and looking at the weekly RSI its fairly clear this is a breakout not a retracement.
Its bounced just further than a common fib overshoot.
So this looks good 😺.
And with indexes probably turning bearish in probable retracement, this will most likely re-test the $5.04 1.618 fib at which point I will probably buy.
Alarms set - i'll be back to this.
Not advice.
PTRA also pushed by earnings is having a pump and looking at the weekly RSI its fairly clear this is a breakout not a retracement.
Its bounced just further than a common fib overshoot.
So this looks good 😺.
And with indexes probably turning bearish in probable retracement, this will most likely re-test the $5.04 1.618 fib at which point I will probably buy.
Alarms set - i'll be back to this.
Not advice.
Comment
Using pitchfork its been predominantly in the upper channel with some fear testing into the lower. Weekly candle closed above upper median line for first time.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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