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PVA SHORTING ON CORRECTION PHASE

Short
NYSE:PVA   None
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Looking at daily chart we can see a great uptrend beginning on September 2013, that brings from 5$ to 18$. This uptrend needs a correction so applying Fib retrace lines we can see that a good target could be the 0.5 Fib line. At the moment the downtrend is taking the shape of a descending wedge . Also a measured target of the previous drop points to the 0.5 fib line area. Put your stop losses and good luck for your trading

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