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- youtube.com/watch?v=T2l8ndG-bzQ Time Span- 1:45" Trade Status: Pending
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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
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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.