PVG - Channel formation Long from current label to $12

PVG is a "Streath" call from way back - It came in our fallen angel scan recently & now we are also looking as a Downward channel play. It is looking a very strong long from current price.

Trade Criteria
Entry Target Criteria- Break of $8.30
Exit Target Criteria- $12
Stop Loss Criteria- $7.77

You can check detailed analysis on PVG in the trading room/ Executive summary link here-
www.youtube.com/watch?v=T2l8ndG-...
Time Span- 1:45"
Trade Status: Pending

Comment:

We re-checked the trade in our Live trading room & the highlights are as below -

PVG looks a complex inverse H&S formation, and 61.8% Fib retracement predicts a target of $12.42.
In the long term it also looks a big Flag formation with a target of $17.

So overall Technically very strong with huge upside potential.

Trade active:

(Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter)

Relevant Updates:
January 4th- gapped up & went up another 5% today. Total 11.93% profit in 2 days!! Would consider taking some profit here & updating stoploss to $8.73

January 3rd- Traded into opening price in hourly hours, went up further and closed the day 6.5% higher.